Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
D
DrOldGuy
January 27, 2024
Question

I withdrew money from an IRA, paid federal tax. Meant for 2023 but the transaction didn't happen until 1-4-2024. Can I include the tax paid in 2023 tax return?

  • January 27, 2024
  • 1 reply
  • 0 views
The traditional IRA was a rollover from years ago. I withdrew the money and paid federal tax at that time.

1 reply

DoninGA
DoninGA
Employee
January 27, 2024

If the funds were not distributed until 2024 then you will not receive a Form 1099-R for the distribution until next year in 2025.  It would be reported on your 2024 tax return along with the federal taxes withheld.

D
DrOldGuyAuthor
January 27, 2024

Thank you for the very quick reply!

TurboTax Sign In Widget
TurboTax flag icon

Unlock tailored help options in your account

Create an account
TurboTax Expert Assist
TurboTax Expert

Get answers to all your tax questions

Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

Terms & ConditionsAccessibility statement
Intuit
TurboTax Credit Karma QuickBooks MailChimp

©1997-2022 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
of Intuit Inc. Terms and conditions, features, support, pricing, and service options
subject to change without notice.

Security Certification of the TurboTax Online application has been performed by
C-Level Security.

By accessing and using this page you agree to the Terms of Use.

Accessibility

TRUSTe nResult Certified e-File C-Level Security Certification