NUCA satisfies RMD?
I have a client who has a low basis stock in her 401k and she turns 70 1/2 this year. She no longer works for the employer and can roll out the money into an IRA. Can an NUCA distribution satisfy her RMD?
I have a client who has a low basis stock in her 401k and she turns 70 1/2 this year. She no longer works for the employer and can roll out the money into an IRA. Can an NUCA distribution satisfy her RMD?
Permalink Submitted by Alan - IRA critic on Tue, 2014-02-11 00:12
I think you mean NUA. Yes, the gross distribution on the 1099R that reports the shares distribution counts toward the plan RMD. The gross distribution includes both the cost basis and the NUA.