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IS income tax charged on an IRA withdrawal? I am 85, if that matters. If so, where do I report it on Turbo Tax?

 
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RichardK
New Member

IS income tax charged on an IRA withdrawal? I am 85, if that matters. If so, where do I report it on Turbo Tax?

Yes you pay income tax on IRA withdrawals, although if any of your IRA contributions where non-deductible, you may not have to pay tax on the entire distribution, click here for IRS publication 590, section 1. Traditional IRAs.

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RichardK
New Member

IS income tax charged on an IRA withdrawal? I am 85, if that matters. If so, where do I report it on Turbo Tax?

Yes you pay income tax on IRA withdrawals, although if any of your IRA contributions where non-deductible, you may not have to pay tax on the entire distribution, click here for IRS publication 590, section 1. Traditional IRAs.

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