March 5, 2021 3:58 PM
last updated March 05, 2021 3:58 PM
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
March 5, 2021 4:05 PM
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.**