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jea217
Returning Member

large one time withdrawl

I had to close out not qualified accounts to pay off my husbands estate.  this put me into another tax bracket but its a one time payment.  can i average it or something else to lower my income.

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1 Reply
MinhT1
Expert Alumni

large one time withdrawl

No.

 

The tax laws do not allow you to average out your income even in case of a one-time large income item in a tax year.

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