Swarley2
New Member

'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?