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.**

Turbo Tax vague with RMD distribution Entry location and Split of RMD Distribution to Chairity and Schwab Investment Account? Please Help with Guidance

in Retirement tax questions

Expert does your taxes

Do it yourself

Resources

Support

RMD

RMD

RMD

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

RMD

Do you have an Intuit account?

RMD

RMD

Unlock tailored help options in your account.

Get more help

Related Content