- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
State tax filing
@jspitzle wrote:
For IRA distributions, do I need to pay state taxes to each state that had capital gains over time? If yes, how do I allocate? thanks
No you do not. You may have federal taxes withheld from the distribution and you can have state income taxes withheld from the distribution. The state taxes withheld will only be for your state of residence and you have to tell the IRA plan administrator that you want to have state taxes withheld and the percentage amount.
March 12, 2022
10:46 AM