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Retirement tax questions
A RMD is not eligible to be rolled into any other tax deferred account. It can be put into a regular brokerage or savings account. Any RMD that was put into another IRA is an excess contribution to that IRA subject to penalties until removed.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎September 11, 2020
8:19 PM
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