I used a plan option to convert my IRA to a taxable annuity in May 2021. Using this option closes the IRA and forfeits its cash balance. The company had already calculated the RMD for 2021 based upon the IRA cash balance as of 12/31/2020. There is now no cash to withdraw for the RMD for 2021. The company says that since I no longer own the IRA, the RMD requirement for 2021 no longer exists, but that they do not give tax advice. My financial advisor who sold me the IRA agrees with them. Is this assertion correct?
I assume they have already reported the 2021 RMD to the IRS, but I don't know for sure.
