due to lump sum 1099-r, my taxes are very high, is there anything i can do to reduce taxes
01810
1 Replies
MinhT1
Expert Alumni
Apr 15, 2024 5:35:14 AM
If you withdrew a lump sum from a retirement account such as an IRA or 401(k) plan, you have to pay taxes on the amount withdrawn, and there's no way to reduce taxes.