My IRA RMD is $3887.01, split between 2 banks. I took a distribution of $16532 from one bank (to close it out) but nothing from the second bank. Does that work?

paulbrouillet · ‎June 4, 2019

macuser_22 · ‎June 4, 2019

For tax purposes you only have one IRA that is the aggregate total of all accounts. The RMD can come from any one or more account as long as the total RMD for the total of all accounts is distributed.

**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.**

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macuser_22 · ‎June 4, 2019

For tax purposes you only have one IRA that is the aggregate total of all accounts. The RMD can come from any one or more account as long as the total RMD for the total of all accounts is distributed.

**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.**

My IRA RMD is $3887.01, split between 2 banks. I took a distribution of $16532 from one bank (to close it out) but nothing from the second bank. Does that work?