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September 28, 2022
Question

RMD transfer

  • September 28, 2022
  • 1 reply
  • 0 views

Does it make sense to transfer securities from my IRA to my trust in order to satisfy my current year RMD? I don't need the cash and this way I will continue to receive the dividend income. Other than paying ordinary income tax on the IRA withdrawal/transfer, would this action create any other adverse tax consequences?

    1 reply

    Critter-3
    September 28, 2022

    The IRS doesn't care what you do with the RMD once it is distributed ... all they care about is you take the money out.