qbteachmt
Level 15
04-18-2024
04:10 PM
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"Who told you (and/or your client) that 20% withholding was mandatory?"
Are you sure that is a Trad IRA account? Or, perhaps, a SIMPLE IRA or SEP IRA under an employer plan?
Because that's where 20% would be required:
https://www.irs.gov/taxtopics/tc412
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Don't yell at us; we're volunteers
Don't yell at us; we're volunteers