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j-mwalton
New Member

If My Gross dist was paid to me in monthly retirement paymentss. Nothing was put in IRA or savings. does this meet the reqirement of RMD dist.

 
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‎January 27, 2020 9:08 AM
last updated ‎January 27, 2020 9:08 AM
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MayaD
Employee Tax Expert
Employee Tax Expert

If My Gross dist was paid to me in monthly retirement paymentss. Nothing was put in IRA or savings. does this meet the reqirement of RMD dist.

Yes, if you didn't roll any amount to another retirement account, the distribution meets the RMD requirements. 

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‎January 27, 2020 11:05 AM
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dmertz
Level 15

If My Gross dist was paid to me in monthly retirement paymentss. Nothing was put in IRA or savings. does this meet the reqirement of RMD dist.

RMDs are not permitted to be rolled over.  Even if deposited into another qualified retirement account, the RMD is still satisfied but the impermissible deposit of this money into another qualified retirement account represents an excess contribution subject to penalty.

‎January 27, 2020 11:30 AM
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