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New Member
posted Jun 3, 2019 1:51:22 PM

Is there a required amount of tax set by the government you must pay on RMD withdrawals?

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1 Best answer
Alumni
Jun 3, 2019 1:51:23 PM

The withdrawal is taxable as ordinary income. The withdrawal amount is added to your other income and taxed at whatever your marginal tax rate is.

1 Replies
Alumni
Jun 3, 2019 1:51:23 PM

The withdrawal is taxable as ordinary income. The withdrawal amount is added to your other income and taxed at whatever your marginal tax rate is.