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June 4, 2019
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My IRA RMD is $3887.01, split between 2 banks. I took a distribution of $16532 from one bank (to close it out) but nothing from the second bank. Does that work?

  • June 4, 2019
  • 1 reply
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Best answer by macuser_22

For tax purposes you only have one IRA that is the aggregate total of all accounts.  The RMD can come from any one or more account as long as the total RMD for the total of all accounts is distributed.

1 reply

macuser_22
Employee
June 4, 2019

For tax purposes you only have one IRA that is the aggregate total of all accounts.  The RMD can come from any one or more account as long as the total RMD for the total of all accounts is distributed.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**