https://ttlc.intuit.com/community/retirement/discussion/rmds/01/3079860#M203753 <P>Better to receive RMDs as income or roll over into another investment (Roth IRAs)?</P><P>&nbsp;</P> Wed, 26 Jul 2023 17:00:53 GMT JMB67 2023-07-26T17:00:53Z https://ttlc.intuit.com/community/retirement/discussion/rmds/01/3079860#M203753 <P>Better to receive RMDs as income or roll over into another investment (Roth IRAs)?</P><P>&nbsp;</P> Wed, 26 Jul 2023 17:00:53 GMT https://ttlc.intuit.com/community/retirement/discussion/rmds/01/3079860#M203753 JMB67 2023-07-26T17:00:53Z https://ttlc.intuit.com/community/retirement/discussion/re-rmds/01/3079892#M203754 <P>Hi&nbsp;<a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/5326136">@JMB67</a>!&nbsp; This is a great question.&nbsp; To be clear, and my answer may not be welcome, if you are required to take a minimum distribution from an IRA or another eligible retirement plan (an RMD), the RMD cannot be rolled over to another IRA or converted to a Roth IRA.&nbsp; Sorry to be the bearer of unwelcome news.</P> <P>&nbsp;</P> <P>If you are interested and can afford to do so, you may be able to avoid tax on the RMD by making a qualified charitable distribution as described in this <A href="https://www.irs.gov/newsroom/reminder-to-ira-owners-age-70-and-a-half-or-over-qualified-charitable-distributions-are-great-options-for-making-tax-free-gifts-to-charity" target="_self">IRS guidance</A>.</P> <P>&nbsp;</P> <P>I hope this is helpful.</P> Wed, 26 Jul 2023 17:12:50 GMT https://ttlc.intuit.com/community/retirement/discussion/re-rmds/01/3079892#M203754 BettieG 2023-07-26T17:12:50Z