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Given that the current 1041 tax rate on 401(k) income is…

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Given that the current 1041...
Given that the current 1041 tax rate on 401(k) income is $3206 + 39.6% over $12,400, what will be the new tax rate and will it apply for 2017?
Submitted: 6 months ago.Category: Tax
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11/2/2017
Tax Professional: PDtax, Certified Public Accountant (CPA) replied 6 months ago
PDtax
PDtax, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 5,038
Experience: 35 years tax experience, including four years at a Big 4 firm.
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Hi from Just Answer. I'mCustomer and can assist.

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Tax Professional: PDtax, Certified Public Accountant (CPA) replied 6 months ago

12500, 3232.50 and 39.6%. almost the same as 2016.

Those rates came from a 2017 1041-es instruction booklet.

Thanks for asking at just answer. Positive feedback is appreciated. I'mCustomer

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