AnnetteB6
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Retirement tax questions

The value of the IRA at the end of the tax year (12/31/2021 for 2021 tax returns) is used to calculate the taxable portion of any IRA distributions that were taken in 2021 if there were nondeductible contributions made to the account over the years it has been in existence.  

 

This is a different calculation than the one for the Required Minimum Distribution (RMD).  

 

@weblackburn

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