If I want to do an IRA withdrawal in March 2020, can this be still declared as income in the 2019 tax filling similarly as it can be done for contribution before April 15 or will that withdrawal have to be declared as 2020 filing income?
Sorry, Only the year you actually take it. If you take it in 2020 it goes on your 2020 return that you file in 2021.
Are you asking about taking an RMD? When you turn 70 1/2 you have to start taking the RMD required minimum distribution, but the first year you can delay taking it until April 1 of the next year. But then you would have to take 2 RMD.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
