Traditional IRA & Inherited IRA RMDs

[94firehawk]

Situation

Own 2 IRAs: one is a Traditional IRA & the other is an Inherited IRA

Owner's age is less than 70, have had Inherited IRA for more than 10 years and have been receiving RMDs from it.

Question

Can a withdrawal from the Traditional IRA be counted as meeting the Inherited IRA RMD requirement?  Publication 590 states funds for an RMD can be withdrawn from all or a single or multiple owned IRAs to meet the RMD requirement.  But it also states that an owned RMD & an Inherited RMD operate under separate rules.

So, in this case can all the funds to meet the Inherited RMD be withdrawn from the owned Traditional IRA?  How would this end up being reported on a 1099-R?

[Anonymous_]

@dmertz 

[NCperson]

@94firehawk since you are under 72, your traditional IRA has no RMD requirement.  The inherited IRA has a required RMD.

it's that simple.and you stated it yourself:  "an owned RMD & an Inherited RMD operate under separate rules."

[fanfare]

you take at least the RMD from each account, then the sum goes on 1040 Line 4b.

@94firehawk 

[dmertz · Accepted solution]

Distributions from your own IRA do not satisfy the RMD for the inherited IRA.  The whole point of beneficiary RMDs is to force you to drain the inherited IRA.

If you will have not yet have reached age 72 by the end of the year, it's not clear why you would want to take distributions from your own IRA instead of taking those distributions from the inherited IRA.