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K210
New Member

Ira

I paid $54000.00 in taxes in 2023 on my 401k withdrawal, I ended up with 120,000 left, I put 60,000 of it in an ira , I took 43000.00 out for home improvement, do I still owe taxes for 2024, even after I paid taxes in 2023 on that money?

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1 Reply
RobertB4444
Employee Tax Expert

Ira

If you received a 1099-R for the withdrawal last year and put it on your tax return and did not receive a 1099-R for this year then you have already handled it.

 

@K210 

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