Is there a maximum % amount of Federal tax withholding allowed on an IRA distribution and still have the return eligible for E-filing ?
Ran into this situation a few years ago. As I recall the customer had 50%, or so, tax withheld to compensate for other income.
My software wouldn't allow me to create an E-file - it said % of Federal w/h was more than allowed on the IRA dist. but didn't provide a % limit.
Can't seem to find info on this.
Thanks for replies.
Ran into this situation a few years ago. As I recall the customer had 50%, or so, tax withheld to compensate for other income.
My software wouldn't allow me to create an E-file - it said % of Federal w/h was more than allowed on the IRA dist. but didn't provide a % limit.
Can't seem to find info on this.
Thanks for replies.
Comment