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Old 04-14-2009, 11:46 PM
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form 1099

should income tax withheld in box #4 on form 1099-R be calculated on line 62 of Tax form 1040



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Old 04-20-2009, 08:07 PM
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Yes, thats correct, the Federal income tax that is withheld on Form 1099-R is entered on Page 2, Line 62 of the Individual Income tax return. This federal income tax reported on Box 4 reflects the amount of federal income tax withheld from your Form 1099-R.

Clearly, this will help you to offset any potential income tax liability resulting from the income that is reported on Form 1099-R.

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