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P
paquin773
June 1, 2019
Question

I take monthly payments from my IRA to help me pay my monthly living expenses. That's what the account was designed to do since Social Security is not enough money.

  • June 1, 2019
  • 2 replies
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No text available

2 replies

Z
Zbucklyo
Employee
June 1, 2019
What is your question?  The distributions will still be taxable unless they are rolled into another retirement account.
A
Anita01
Employee
June 1, 2019

You still enter the 1099-R you received for the distributions, just as you would if you took the amount one time.  The 1099-R will reflect full distributions for the year.  Once you're past early distribution age it makes no difference how you took it.

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