SEP RMDs from an IRA
Are SEPs and IRAs treated the same way with regards to RMDs. Instead of taking an RMD from a SEP, can the RMD ( or QCD ) come from the client’s IRA to satisfy the SEP RMD? thank you
Are SEPs and IRAs treated the same way with regards to RMDs. Instead of taking an RMD from a SEP, can the RMD ( or QCD ) come from the client’s IRA to satisfy the SEP RMD? thank you
Permalink Submitted by Alan - IRA critic on Thu, 2021-04-22 15:25
Yes, since both are IRAs, the RMD can be aggregated in any combination, including taking it entirely from the TIRA and distributing as a QCD.