My father inherited my mother's IRA. He took the required RMD of $5,200 plus an extra $12,000. The software is not recognizing the total income as taxable income. Why? in Retirement tax questions
I am over 50 and should be able to contribute $8k to my Roth, when I enter $7k no extra tax but $8k my tax goes up like there is additional tax. Why? in Retirement tax questions