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Retirement tax questions
In most cases, a distribution from a traditional IRA is fully taxable. A traditional IRA is a deferred-tax retirement account, therefore, distributions from a traditional IRA are taxable unless you have basis in nondeductible traditional IRA contributions.
The taxable amount Distributions from an IRA increase your AGI and therefore can affect your Premium Tax Credits. You IRA distribution *is* part of you actual income.
The taxable amount Distributions from an IRA increase your AGI and therefore can affect your Premium Tax Credits. You IRA distribution *is* part of you actual income.
‎June 3, 2019
11:58 AM