Schwab withheld 10% for federal taxes. It is not a penalty and nothing about it goes on Form 5329. The amount in box 4 of the Form 1099-R is credited on line 25b of your Form 1040 to be applied against your overall tax liability to reduce your balance due or increase your refund.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©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
