In 2016 I owed money for 2015 taxes, I cashed out a retirement plan and paid the taxes. Is this tax deductable for 2016? if so where do I put in Turbo Tax Premier

I paid Taxes in 2016 for federal taxes owed in 2015, is this tax deductable, also I cashed out 401 for this, can I avoid paying taxes on this.

posted

Connect with an expert

1 Best answer

Accepted Solutions

In 2016 I owed money for 2015 taxes, I cashed out a retirement plan and paid the taxes. Is this tax deductable for 2016? if so where do I put in Turbo Tax Premier

Federal tax payments are not deductible.

View solution in original post

1 Reply

In 2016 I owed money for 2015 taxes, I cashed out a retirement plan and paid the taxes. Is this tax deductable for 2016? if so where do I put in Turbo Tax Premier

Federal tax payments are not deductible.

Still have questions?