reducing taxability of pension distributions
can you reduce the taxable amount of pension distributions if used to pay for medical bills
1
27085
ajXzv2u3Sr4yUOacwZ5xHE
02/09/12 4:06pm PST
Viewed by asker 02/10/12 6:27am PST
Viewed by asker 02/10/12 6:27am PST
7 Replies
IRMN
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Questions answered: 16305
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Mod/Co-mod
02/09/12 4:10pm PST
You can possibly avoid paying penalties on early withdrawals, not the acutal tax except for possibly being able to deduct the expenses on schedule A.
If this answers your question please click, um, ok I forgot what you are supposed to click. If this answered your question, how about just saying thanks and we will call it good.
02/09/12 4:55pm PST
IRMN, I understand a slight delay, but you weren't there a minute ago!
02/09/12 4:59pm PST
I've been here all along, but I have noticed from time to time I can't see posts from others until I post a response myself.
02/09/12 5:03pm PST
Ok then, nighty night.
I have to build up my strength for tomorrow
Miss you all
dhhcpa
Questions asked: 53
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Questions answered: 20430
Points earned: 51069
Accountant Community AllStar
Advisory council of Accountant community power users.
Intuit Moderator
Mod/Co-mod
02/09/12 4:54pm PST
The solution
Leo, did you look at the instructions for form 5329?
Ohhhh, Faerie Dust!!
