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Retirement tax questions
Any IRA account. For tax purposes, you are considered to have just one "individual retirement arrangement" no matter how many accounts you have at different banks or brokers.
As said, remember that if there were taxes withheld, you still need to put the gross amount back, not the net amount. If you put the gross amount back (by getting the extra cash from some other source) the withdrawal will be non-taxable and you will get the withholdings back as part of your tax refund. If you put the net back, then the tax amount will count as a taxable withdrawal.
May 9, 2024
9:13 AM