- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
No part of a RMD is eligible to be rolled over which is why the question is not asked.
Only if you took a distribution that was in *excess* of the RMD could the *excess* be rolled over, but any part of a RMD that is put into any other tax deferred retirement account is an excess contribution to that account and subject to a reoccurring 6% per year penalty until removed.
Putting the RMD into a taxable brokerage account is not a rollover.
Only if you took a distribution that was in *excess* of the RMD could the *excess* be rolled over, but any part of a RMD that is put into any other tax deferred retirement account is an excess contribution to that account and subject to a reoccurring 6% per year penalty until removed.
Putting the RMD into a taxable brokerage account is not a rollover.
**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.**
‎June 6, 2019
1:26 AM