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Managing IRA distributions
A brief background for context, I'm retired and my income is a combination of interest, dividends, social security, annuity, IRA distributions and brokerage mutual fund investments including capital gains. With Turbotax before the tax reform, I was able to calculate the IRA distributions so I maxed out the 15% tax bracket and then drew other income from selling brokerage account mutual funds with capital gains also taxed at 15%. Now, the Tax Worksheet is so complicated, I actually can't figure out how to manage my income sources to minimize my taxes as I did before. Do any of you have any suggestions for calculating IRA distributions to minimize taxes with the 2019 Turbotax? Thanks.
‎January 16, 2020
4:43 PM