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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 However, indications are more can be withdrawn, but it must be withdrawn prior to 12/31.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.
‎December 2, 2020
12:39 PM