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'Late' IRA Distribution
I am already retired and have calculated that I have taxable income less than the 2021 standard deduction. Since one needs to calculate their 2021 return before they would know how much to withdraw for tax year 2021. I would pay $0 tax on certain sized withdrawl.
One can contribute to an IRA until April, can one still withdraw monies (Mar 2022) from an IRA to count as a 2021 distribution?
March 17, 2022
6:30 PM