Question

Where is income tax withheld from a pension or IRA distribution reported on the tax return?

Answer 1

The income tax withheld from a pension or IRA distribution is reported on the tax return using Form 1099-R, where the amount is shown in Box 4 (Federal income tax withheld).

Step-by-step explanation:

The income tax withheld from a pension or IRA distribution is reported on the tax return in the following way:

1. For a pension distribution, the income tax withheld is reported on Form 1099-R, which is provided by the payer of the distribution. The amount reported is shown in Box 4 (Federal income tax withheld).
2. For an IRA distribution, the income tax withheld is reported on Form 1099-R as well. The amount is shown in Box 4 and Box 12a (Codes C and T) of the form.

It is important to note that the income tax withheld may not cover the entire tax liability, and additional tax may be owed or a refund may be due when the tax return is filed.