dmertz
Level 15

Retirement tax questions

Only the taxable amount is included in your MAGI for the purpose of Medicare IRMAA.

 

The gross amount of this being "income" just means that it's something that needs to be included on Form 1040 line 5a to indicate that this distribution has been entered.  Only the taxable $70k that is included on line 5b has any effect on your AGI and the rest of your tax return.