SusanY1
Expert Alumni

Retirement tax questions

If the "real" RMD is $3,000, then use that number.  Since each custodian can't know about the existence of any other IRAs that may be subject to RMD, they typically will provide the calculation for the funds in house at whatever time they run and share their calculations.  

The actual RMD is based on the adjusted market value as of the prior December 31 of all accounts. 

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