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Financial Planning / Tax Strategies


Subject:  Re: Tax handling of gifts under the annual exemp Date:  3/26/2014  12:03 PM
Author:  ptheland Number:  120590 of 130843

This is all very interesting to me. I am wondering if Schwab is so "darn picky" about the Conversion and RMD sequence.

I'm pretty sure the law requires that you take your RMD before you do a conversion. So I'd expect any broker to ask about that.

However, since you can take your RMD from any IRA account for ALL of your IRA accounts, it would be easy to lie to a broker and say you took your RMD from some other account. Not that I'd advocate doing so at all.

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