I have 2 IRA accounts. One is an annuity, the other is a brokerage. I need to take an RMD from each. I have attempted to use the annuity sum totally as an RMD to cover RMD from other account. Turb...
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I have 2 IRA accounts. One is an annuity, the other is a brokerage. I need to take an RMD from each. I have attempted to use the annuity sum totally as an RMD to cover RMD from other account. Turbo Tax finds this problematic.
posted
a week ago
last updated
January 25, 20256:01 PM
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I have 2 IRA accounts. One is an annuity, the other is a brokerage. I need to take an RMD from each. I have attempted to use the annuity sum totally as an RMD to cover RMD from other account. Turbo Tax finds this problematic.
the annuity payout is considered as the exact RMD for that annusity.
Another IRA is going to require another calculation of the RMD for that account.