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February 8, 2022
Question

What is impact of declaring more than the rmd amount?

  • February 8, 2022
  • 1 reply
  • 0 views
If I declare more than the rmd, will that impact my taxes?

1 reply

VolvoGirl
Employee
February 8, 2022

You mean if you take out more than the RMD?  That's ok.  It is still all taxable.  And more income means more tax.  

nmppc31Author
February 11, 2022

Appreciate the response, thank you.

 

NMB