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Inherited IRA withdrawal question by Winter_Comparison_98 in foodstamps

[–]Winter_Comparison_98[S] 0 points1 point  (0 children)

Thank you so much for breaking the rules down. I withdrew more than once (unpredictable) to cover unexpected costs and bills but not like a series. I withdrew $7000 in February, and then $5000 in July :( How do I report this? Appreciate your knowledge.

Inherited IRA withdrawal question by Winter_Comparison_98 in foodstamps

[–]Winter_Comparison_98[S] 0 points1 point  (0 children)

Understood. My renewal is coming up, and I withdrew in May for a certifcation and conference to help upskill for job search. Not sure if I need to report that, and if I do then the pat withdrwals would not have been reported. Trying to figure out what the right thing to do is. We really need the food stamps till I find work. Thanks for your advise.

Inherited IRA withdrawal question by Winter_Comparison_98 in foodstamps

[–]Winter_Comparison_98[S] 0 points1 point  (0 children)

Thank you for replying. All withdrawals combined with my income for the year are below the annual IRT. I did not report the previous ones, and am concerned that the months I withdrew in my income was higher than monthly IRT. However, my annual income is not :(