Re: RMD

My question is my RMD for 2020 was $29,000 and after federal taxes the net was $26,100.00 but i reported $29,000

did i do right

posted

Yes. The tax withheld was part of the distribution and is taxable income reguardless of what you did with it.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

Assuming the nest egg is primarily annuities, 410K, IRA and ROTH IRA. What are some tax reduction strategies before entering RMD age in 10 years and also during RMD age?

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