WHY IS THE REQUIRED AMOUNT OF DISTRIBUTION AFTER 73 TAXED

[julieblanchard60]

IF THE RMD IS TAXED , WHY WOULD I NOT GET THAT BACK

[xmasbaby0 · Accepted solution]

I PAID TAX ON THE RETIREMENT MONEY ALREADY

You had tax withheld from the distributions from the retirement account, just like when an employer withheld tax from your paychecks.  When you enter it all into the software, the calculations are done to reconcile the amount of income you received and the amount of tax that was withheld.  You might owe more or you might get a refund.