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Retirement tax questions
Ok...thanks. So, when I file my taxes for the tax year that I receive the final SEPP distribution in 2028, that final distribution would be in August. So, what if I were to decide to lower or increase my monthly distribution starting in September of 2028? The distributions from the 401k for September to December would be unrelated to the SEPP. My 1099-R for tax year 2028 wouldn't separate out those amounts, would it? So, in this case, when Turbo Tax asks for the amount of my SEPP distribution, will I need to manually calculate the amount paid from Jan to Aug and enter that amount? Or do I still just enter the amount the matches the 1099-R? Or do I have to tell my plan administer that I was stopping the SEPP distributions in August and then they will somehow report something that accounts for the stoppage and separates out the different distribution amounts on my 1099-R?