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Retirement tax questions
Thank you for your insight into this issue. My broker was able to split the Items so that although the $180K was shown on my 1099, splitting the item into 2 1099's in placing the $100K ( $80K total withdrawal 20K taxes ) by showing the $21K which was the MRD and then having a second 1099 which showed the $80K going into a ROTH account, it brought the amount of tax due into manageable proportions. I don't believe I would have been able to do this without having your input which was the guidance that allowed my broker to see the way though to problem. Thanks again to all who provided guidance
March 11, 2020
12:45 PM