2175187
I followed the new CARE option and withdrew $100,000. from my IRA last year. I am over 59.5 yrs.
Turbo automatically claimed 33% as taxable for 2020.
What if I want to pay tax on MORE
eg.. If I want to pay tax on $50,000 in 2020
how do I over ride the program
john
You'll need to sign in or create an account to connect with an expert.
Your choice per the CARES act is to spread the tax in 3 equal payments or pay it all in 2020. There is a screen with a check box to pay it all in 2020.
You can make an 2021 estimated tax payment directly to the IRS and apply it to your 2021 tax return as tax already paid for 2021.
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