Shady2218
New Member

Retirement tax questions

Because RMDs are a large part of our income, with no required RMDs for 2020, our income dropped considerably -- to a lower bracket.   A test 2020 tax return indicated $4000. could be taken with no tax ramification.   However, indications are more can be withdrawn, but it must be withdrawn prior to 12/31.    Really need the investment section of Turbo asap to take advantage of a further tax-free RMD for 2020.