Solved: Turbotax says my total income taxes paid is over $700 less than I have paid, no place to enter fed. withholding from 1099-R. Where does Turbo. get that figure from?
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pjt374bikk
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Turbotax says my total income taxes paid is over $700 less than I have paid, no place to enter fed. withholding from 1099-R. Where does Turbo. get that figure from?

 
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Accepted Solutions
MichaelL1
Level 15

Turbotax says my total income taxes paid is over $700 less than I have paid, no place to enter fed. withholding from 1099-R. Where does Turbo. get that figure from?

The 1099R box 4 for Federal Taxes withheld get entered when the 1099R is entered.

Make sure the 1099R is entered here:

To enter pension and annuity Payments (1099-R)
•    Click on Federal Taxes
•    Click on Wages and Income
•    Click on I'll choose what I work on (if shown)
•    Scroll down to Retirement Plans and Social Security
•    On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button



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1 Reply
MichaelL1
Level 15

Turbotax says my total income taxes paid is over $700 less than I have paid, no place to enter fed. withholding from 1099-R. Where does Turbo. get that figure from?

The 1099R box 4 for Federal Taxes withheld get entered when the 1099R is entered.

Make sure the 1099R is entered here:

To enter pension and annuity Payments (1099-R)
•    Click on Federal Taxes
•    Click on Wages and Income
•    Click on I'll choose what I work on (if shown)
•    Scroll down to Retirement Plans and Social Security
•    On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button



View solution in original post

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