taxartist
Level 2
My client has 3 IRAs, two traditional and one ROTH. The financial advisor calculated the RMD, but withdrew the funds from the ROTH. Is this allowed? It seems illogical that the IRS would allow this, but their website states: "Your withdrawals will be included in your taxable income except for any part that was taxed before (your basis) or that can be received tax-free (such as qualified distributions from designated Roth accounts)." Can anyone confirm? Thanks!