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Retirement tax questions
Have not & do not plan to take 2020 RMD based on new tax bill. Used TurboTax for 2019 tax prep & now wondering about the est. tax calculations for 2020. I am thinking TurboTax calculated a 2020 RMD distribution, like previous years & based my est. taxes for 2020 using this income? So are my estimated payments accurate or must I recalculate & if so, can I do this with my 2019 TurboTax software? Need advice please.
‎October 25, 2020
6:24 AM