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Retirement tax questions
Thank you for the response. I appreciate it.
I do understand that IRAs are treated differently than other retirement plans.
For each of the 4 IRAs I have entered they are set to the entire distribution being an RMD. The only difference is with the account which distributed less than its RMD. In this case I get an extra screen telling me that the difference could be taxed but the rate will be lower if I withdrew the difference during the correction window. I can answer Yes, or No.
So, it seems like TTax is NOT summing up the distributions and RMDs
‎February 4, 2025
12:14 PM