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margiewright
February 23, 2025
Question

my tax was taken out and is on my 1099=R and is in box 4

  • February 23, 2025
  • 1 reply
  • 0 views
state street retiree sevices for Ford MOTOr company retirement plan

    1 reply

    X
    xmasbaby0
    Employee
    February 23, 2025

    What is your question?

     

     

    I PAID TAX ON THE RETIREMENT MONEY ALREADY

    You had tax withheld from the distributions from the retirement account, just like when an employer withheld tax from your paychecks.  When you enter it all into the software, the calculations are done to reconcile the amount of income you received and the amount of tax that was withheld.  You might owe more or you might get a refund.

     

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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