$25.00 
Learn more
Submitted By: someone
Answered: June 30, 2022 12:16 am
Answered: June 30, 2022 12:16 am
I have to take an RMD this year. Can I have stock transferred directly from my retirement account to my taxable account to satisfy my RMD?
You may take an in-kind required minimum distribution (RMD) by having the IRA distribute stock to your taxable (non-IRA) account. The value of the stock on the date of the distribution determines the amount distributed to you for RMD purposes. Because of this, the basis in this stock in your taxable account becomes the amount reported for RMD purposes.
advertisement
Featured Books
Tax Glossary
Private letter ruling
A written determination issued to a taxpayer by the IRS that interprets and applies the tax laws to the taxpayer’s specific set of facts. A letter ruling advises the taxpayer regarding the tax treatment that can be expected from the IRS in the circumstances specified by the ruling. It may not be used or cited as precedent by another taxpayer.
