For those who have taken an RMD this year, I'm curious if the web site mechanism is the same. Previously I would create a transaction to take my QCD and wait for that to complete.
Then another transaction for the balance of the RMD less tax withholding into my settlement fund ( because I wanted to move specific dollar amounts, not shares).
Finally after that completes, I'd move the entire settlement fund amount into the intended taxable account. Since I only do this once per year the details get fuzzy. It would be nice if you just did the RMD less withholding, and during that process it asked you if you wanted to take a QCD.
Then another transaction for the balance of the RMD less tax withholding into my settlement fund ( because I wanted to move specific dollar amounts, not shares).
Finally after that completes, I'd move the entire settlement fund amount into the intended taxable account. Since I only do this once per year the details get fuzzy. It would be nice if you just did the RMD less withholding, and during that process it asked you if you wanted to take a QCD.
Statistics: Posted by Indianrock — Thu Aug 08, 2024 6:19 am — Replies 2 — Views 190