IRA withdrawal in December and rolled back into the IRA within the 60days…
We have a client who withdrew funds from her IRA in December and then rolled it back into her IRA within the 60 days. Her RMD was calculated off of the lesser account value which was the value minus the withdrawal. When calculating her RMD for the current year, will I continue to use the year end value on her 12/31 statement or do I need to factor in the rollover w/in the 60 day time period?
Permalink Submitted by Jose Morales on Mon, 2015-11-23 17:47
You do need to add back into the year end value any outstanding rollovers.