Hello SteamTrain,
What you wrote was the way this was handled for RMD's prior to 2023 and SECTION 204 OF SECURE 2.0 for annuities. (And one can still handle RMD's in this way - so if an annuity does NOT pay out enough to satisfy its RMD then one can simply go back to the "old" way and indicate that whatever the annuity paid-out satisfies the RMD for that year. In that case the full RMD calculated for the IRA would have to be withdrawn as there are no "IRA Annuity" offsets). [Still wondering how the IRS knows the 31 Dec xxxx value if the IRA Financial company (JP Morgan; LPL, whoever) doesn't issue a form 5498 in May of the following year indicating the 31 Dec xxxx amount… Hopefully TurboTax will address that]
Thanks for any further comments.
Steve on Friday 18 July 2025
