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posted Mar 10, 2025 1:54:35 PM

Excess RMD expected because a1099 R shows monies withdrawn in 2024 March as not included in 2023 RMD calculation???

@ WLSA

How do I exclude a $66K 1099R reporting on March monies withdrawn - from being included in the RMD? Calculation . . . ?

0 1 795
1 Replies
Expert Alumni
Mar 10, 2025 2:14:36 PM

The RMD for 2024 is arrived at by dividing the balance of your IRA as of dec 31, 2023 by a life expectancy factor published by the IRS.

 

So a distribution occurring in March 2024 does not affect the amount of your RMD for 2024. But that distribution can count toward the RMD for 2024.

 

Please read this IRS FAQ question 4 for more information.