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Retirement tax questions
All the taxes that were withheld during 2020 will be credited on your 2020 tax return. Since that will probably result in an overpayment, you would receive the difference as a refund. Then, for 2021 and 2022, you would need to plan ahead for the taxes that will be owed on the remaining 2/3 of the distribution.
ā€ˇFebruary 6, 2021
12:35 PM