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Get your taxes done using TurboTax
"Do custodians that administer your IRA account have to report what your RMDs are to you (in this case a Trust) or the IRS?"
In this case, No. Only for IRAs maintained for the benefit of the participant, not IRAs maintained for the benefit of a beneficiary, is the IRA custodian required to offer to calculate the RMD.
‎February 26, 2025
6:37 AM