I took two large withdrawals from my IRA in 2018, increasing my household income by nearly 50%. Can I average my 2017 and 2018 income?

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I took two large withdrawals from my IRA in 2018, increasing my household income by nearly 50%. Can I average my 2017 and 2018 income?

No, for ordinary income, there is no income averaging. Your distribution will be fully taxable in the year in which you made the withdrawals.

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I took two large withdrawals from my IRA in 2018, increasing my household income by nearly 50%. Can I average my 2017 and 2018 income?

No, for ordinary income, there is no income averaging. Your distribution will be fully taxable in the year in which you made the withdrawals.

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