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Retirement tax questions
Sorry if it was a IRA or 401k withdrawal it is taxed as that. Doesn't matter what she did with it. How old is she? If she is over 70 1/2 she could have her RMD go directly to a IRS qualified and avoid the tax but your brother isn't a qualified charity.
But yes gifts given or received are not reported. But that is after she takes it out of the retirement plan.
But yes gifts given or received are not reported. But that is after she takes it out of the retirement plan.
‎June 6, 2019
7:04 AM