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Get your taxes done using TurboTax
Distributions from your 401-K or IRA are taxed as ordinary income. You could reduce this by instructing the trustee/firm that manages your account to withdraw some shares of stock. Or, you could have them transfer either part of the required minimum distribution (RMD) to a charity, including a religious organization, of your choice. You could help the charity even more by having the transfer be of stock.
‎April 7, 2022
6:05 PM