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.