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Are tax payments withdrawn from an IRA also counted against an RMD?
Wiki User
∙ 12y ago
It's more common that people would term it "counted toward the RMD" as the RMD is a minimum that you must get to.
You withdraw from the account and pay tax on the withdrawal amount. If you want to use some of it to pay the tax, it is only withdrawn once. If you want to withdraw more to pay the tax, it too is a withdrawal. If you want to pay the tax using other money, that's fine, it isn't a withdrawal.
Wiki User
∙ 12y ago
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