I am trying to reduce my retirement income for 2022 by $745. I can't contribute to an IRA because I am not working and I was told that was a requirement to make contributions to affect last years taxes. I read that the IRS allows rollover or put money distributed back into an IRA within 60 days of it being dispersed.
1. Can I do this?
2. If I do this will it lower my AGI for 2022?
3. Do I return the entire month distribution? Gross or net? or can it be a partial return?
My state has a cap of $100,000 where you don't pay income tax. Over that all pension, SS and annuity income is taxable.
