janice-mcclella n
Level 2
12-07-2019
06:08 AM
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Example will make it more clear. RMD 1st IRA is $40k and has $50k QCD. 1099R only reported $40k as distributed. 2nd IRA has RMD of $30k no QCD. Can the excess $10k QCD sent from first IRA offset $10k of taxable RMD from the 2nd IRA?