" Unless she has multiple IRAs and attempting not to take an RMD from all of them, the administrator will calculate the RMD and distribute it on the requested schedule."I'll have to check on that. It seems like she just takes money randomly. Maybe since she always goes over the RMD fairly early in the year, they don't do an automatic schedule. Thanks for the heads up though. I'll check it out.In Turbo Tax, when you enter the amount of distribution, it asks how much of it is RMD. But it doesn't change the bottom line whether it's all RMD or very little is RMD and most is over and above. So I was just wondering what the tax reason for indicating that is. Is it just to make sure AT LEAST the amount of RMD was taken? Or is there sometimes tax consequences for taking too much over the RMD?Thanks,RB
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra