I withdrew the total amount from a small traditional IRA but did not roll it over. I turned 72 in 2021. Do I still need to pay and RMD for that account?
05863
5 Replies
LeonardS
Expert Alumni
Feb 13, 2022 3:07:06 PM
No, you do not have to pay an RMD for your account. The total distribution from your small traditional IRA satisfies the RMD requirement.
SweetieJean
Level 15
Feb 13, 2022 3:11:20 PM
But what if the amount OP took was less than RMD? We don't know how much he/she took.
SweetieJean
Level 15
Feb 13, 2022 3:25:28 PM
Okay, I just reread your question. You did say you had withdrawn 100% of that account. But did you have any other IRA accounts?
ric-skinner
Level 1
Feb 13, 2022 3:35:54 PM
I have a larger IRA for which the RMD is calculated and distributed. The account in question is a much smaller IRA which took the entire amount and did not roll it over.