@rjs wrote:
@Critter-3 wrote:
Simplest solution is to take out the RMD now to satisfy the requirement.
The way I read the question, the OP converted the entire traditional IRA to a Roth IRA (except for the tax withheld). He just said he "converted an IRA to a ROTH." If that's what he did, there is nothing left in the traditional IRA that could be taken out to satisfy the RMD. The OP, @PCM43, will have to clarify the situation.
If my understanding is correct, treating it as an excess contribution to the Roth IRA may be the only solution.
If any part of the RMD was converted to a Roth then by law, that amount is an excess contribution regardless of how much non-RMD money was converted.
The real question is, will the IRS catch it since distributions are reported on a yearly basis, but whether you get caught or not is immaterial to tax law.
The FIRST money distributed from the IRA is the RMD so the RMD has already been taken, you cannot take it again after the fact - it is what was done with the RMD money is the problem since it cannot be used for a rollover or conversion.
**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.**
