Line 4b of the 1040 from was reduced by using form 8606. Does this effect our RMD for the IRS in 2018?
Bob
You'll need to sign in or create an account to connect with an expert.
No it does not ... she was required to take out $X from the IRA and she did take out $X but on the tax return she is not taxed on the entire distribution due to the basis on form 8606.
No it does not ... she was required to take out $X from the IRA and she did take out $X but on the tax return she is not taxed on the entire distribution due to the basis on form 8606.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
mahoneyb2
New Member
laddielg
New Member
KMM144
Level 2
misagh4u
New Member
thegoodreturn
Returning Member