Solved
received a 1099-R from a 401K withdrawal. financial co. took 24% taxes, my husband was over 59 1/2. when I enter the 1099R it is taking another 1,000 in taxes?
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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.
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