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February 14, 2020
Question

input 12/31/2019 value of ira's

  • February 14, 2020
  • 2 replies
  • 0 views

when i input the 12-31-2019 value of my ira's my refund went down more than $1,000. why?

2 replies

VolvoGirl
Employee
February 14, 2020

Are you over 70 1/2?  Were you supposed to take out more for the RMD?  Did it want your 2018 ending balance or 2019?

deduganAuthor
February 14, 2020

73 y/o.

I took out what Schwab told me take as RMD.

2019.

It also wanted it for 2018 last year.

February 19, 2020

Same thing happened on our tax return- why  My husband took out what he was told to take out