First year with RMDs, need tax help, in western suburbs
Terry, I am hoping you might have a contact in the western suburbs who could help me with tax preparation on this short notice. I am 74, single, retired, and taxes have not been complicated for me to do myself in the past. However, this is my first year with RMDs (taken in Dec. 2024, thank you for all your advice).
One RMD is a sizeable amount from a 401K. The other RMD is from a traditional IRA. But that IRA had a number of years with non-deductible contributions that required the filing of Form 8606.
It would be best for me to have the RMD tax work done correctly this time by a professional, and I’m really hoping you would have some recommendations in the Lombard/Oak Brook area. Thank you.
Terry Says
Please read this column from last month. You’ll find great sources of help.
https://www.terrysavage.com/tax-time-again/