Sure...it's all taxable income that changes taxes owed....and if you are getting SS, it can change the % of SS that is being taxed.
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Unless you mean that your taxes increased by a LOT more than ~20% of the distribution. an absolutely Huge change in taxes owed (close to or larger than the distribution) usually indicate that you mis-entered the distribution $$…….like 300,000.00 instead of 30,000.00. Edit the 1099-R and re-check every field
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
