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The "Other taxes" line includes a range of taxes other than income tax, all which are collected via Form 1040. These include:
These taxes are summarized on Schedule 4 (Form 1040).
The "Other taxes" line includes a range of taxes other than income tax, all which are collected via Form 1040. These include:
These taxes are summarized on Schedule 4 (Form 1040).
I withdrew my RMD and I understand this was not taxable in 2020 so why is there a tax charged in "other taxes" when I rolled over my RMD back into the same IRA?
The rollover transaction isn't taxable unless the rollover is to a Roth IRA or a designated Roth account, but it is reportable on your federal tax return. You must include the taxable amount of a distribution that you don't roll over in income in the year of the distribution.
Other tax
It could be many things. Typically: Self-Employment Tax, NIIT tax, AMT Tax, Penalties for early withdrawal from an IRA, etc.
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