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sas52
New Member

Due to lump sum 1099-r, my taxes are very high

due to lump sum 1099-r, my taxes are very high, is there anything i can do to reduce taxes
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1 Reply
MinhT1
Expert Alumni

Due to lump sum 1099-r, my taxes are very high

If you withdrew a lump sum from a retirement account such as an IRA or 401(k) plan, you have to pay taxes on the amount withdrawn, and there's no way to reduce taxes.

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