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Sorry for not explaining the reasoning behind the question.
Very low income this year, with sizable mortgage and property tax deductions. I am under the impression that the deduction would be useless without income or gains to offset it.

So an IRA distribution, which would be taxable, would be offset by the tax deduction from the mortgage this year.

As others have noted, if you roll the distribution back into an IRA within 60 days, there are no taxes due.

To generate taxable income this year, how about a Roth conversion? Then you would pay taxes (at your low or zero rate) now and not pay them in the future when you withdraw the money.
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