Retirement tax questions

You are using code "4" for distribution code, right?

 

"I played with some of the numbers again "

 

As you modify the distribution you must modify the taxable amount and the amount withheld accordingly.

Does this go without saying? a simple mistake if you are not paying attention.

OR

to see the tax effect more clearly, don't show any money withheld (box 4 = zero)  when you get the check you can make an Estimated Tax payment at that time.

OR you can select the amount to be withheld when you actually do it.

 

 

"22 isn't available yet. "

 

Wait until January to take any large distribution to take advantage of the better 2023 tax brackets.