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New Member
posted Jun 7, 2019 3:20:44 PM

I'm receiving an inheritance from an IRA account. I have the option to withhold some for next years tax filing. How do I know what percentage to withhold?

0 1 600
1 Replies
Level 15
Jun 7, 2019 3:20:47 PM

That depends upon your overall tax situation.  Try this, and remember state taxes as well:

https://turbotax.intuit.com/tax-tools/calculators/taxcaster