1277970
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Am I taxed twice on an RMD? If I choose to reinvest the RMD in a taxable account, am I taxed on that upon withdrawals?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
MinhT1
Expert Alumni

Am I taxed twice on an RMD? If I choose to reinvest the RMD in a taxable account, am I taxed on that upon withdrawals?

Money received from an RMD is considered as after tax dollars for you.

 

And if you choose to invest it in a taxable account, then only the earnings from that account are taxable. Withdrawal of the principal invested will not be taxed. So there is no double taxation.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question