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February 25, 2025
Question

Should I be seeing the 10% IRA tax. I paid at the time of disbursement on the tax forms. Where do I find this?

  • February 25, 2025
  • 1 reply
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Not seeing the 2700.00 I paid when I took money from IRA

    1 reply

    Employee
    February 25, 2025

    Look in box 4 of your 1099R for the federal tax that was withheld when you took money out of the retirement fund.

     

    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.**