I took two large withdrawals from my IRA in 2018, increasing my household income by nearly 50%. Can I average my 2017 and 2018 income?

mdpritchett · ‎June 3, 2019

Leonard · ‎June 3, 2019

No, for ordinary income, there is no income averaging. Your distribution will be fully taxable in the year in which you made the withdrawals.

Retirement tax questions