I have a client that wants to withdraw additional funds from an IRA he inherited from his father in the mid-90’s. The father had already started receiving RMDs at his time of death and son as beneficiary has continued receiving the RMD each year. Son is in his late 40’s.

Question: If the son takes MORE than the RMD, is the excess over the RMD amount subject to the 10% additional tax for early distributions?