I have a friend who is disabled (double lung transplant) She wants to take out the maximum amount she can without having to pay at a higher bracket. She lives in GA No out of state income. No tax withheld. She owns her home and paid 1,620.55 property tax. Single and head of household. Her two sisters live with her as of this year.
She said she took out 10k a previous year and the tax was a little more than 10%
She had a 2011-1099R form with (1) Gross distribution of 936.00 (7) Distribution Code 3 (14) State distribution 936.00
She had a 2011 - 1099R with (1) Gross Distribution 7,344.00 (2a) Taxable amount 7,344.00 (7) Distribution code 3 (13) state GA
Her Form SSA-1099 Box 3 is 20,706.00 Box 4 None Box 5 is
20,706.00. Medicare insurance 99.90Thanks.
BTW this is the fund the money is in