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Retirement tax questions
If my IRA custodian paid 990-T taxes on $25,000 of income in my IRA now, and I then receive a $40,000 IRS distribution in 2019, I should pay income tax (on my 1040) on $15,000, not $40,000. Otherwise I'm paying tax on the same $25,000 twice.
‎June 1, 2019
1:05 PM