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Traditional IRA & Inherited IRA RMDs
Situation
Own 2 IRAs: one is a Traditional IRA & the other is an Inherited IRA
Owner's age is less than 70, have had Inherited IRA for more than 10 years and have been receiving RMDs from it.
Question
Can a withdrawal from the Traditional IRA be counted as meeting the Inherited IRA RMD requirement? Publication 590 states funds for an RMD can be withdrawn from all or a single or multiple owned IRAs to meet the RMD requirement. But it also states that an owned RMD & an Inherited RMD operate under separate rules.
So, in this case can all the funds to meet the Inherited RMD be withdrawn from the owned Traditional IRA? How would this end up being reported on a 1099-R?
‎December 7, 2022
5:25 AM