on my federal return to my W-2 fed tax withheld? Can I add them all up or since this was a taxed distribution on a 401k it is treated as different federal withheld taxes.....God I hate taxes!!!
I ask cause I did my taxes then did them on turbo tax online and they have me owing and I have me getting back! GRRRR
2007-02-06 09:01:02 · 2 answers · asked by Mr. Knowitall 2 in Business & Finance ➔ Taxes ➔ United States
Yes, taxes withheld are all added together whether they're from a W-2 or a 1099.
2007-02-06 09:05:33 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
Since the IRS ties the amounts back to the form filed, no you cannot add them together. The 1099 taxes you paid are entered with the 1099 on your 1040. Also, if you are not of retirement age, you are getting hit with a 10% penalty if you did not roll this amount over into a qualified plan or IRA.
2007-02-06 17:35:06 · answer #2 · answered by kam 5 · 0⤊ 0⤋