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Posted by William T on February 27, 2024 at 6:31 pm

Is it correct that when subject to RMD’s, we cannot pay the taxes then roll the sum into a Roth 401K. But can roll anything over the RMD but of course must pay the taxes.

Mark Nolan replied 1 month, 3 weeks ago 2 Members · 2 Posts
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William T from Charleston, South Carolina

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William T

William T from Charleston, South Carolina

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from Charleston, South Carolina
February 27, 2024 at 6:31 pm

Is it correct that when subject to RMD’s, we cannot pay the taxes then roll the sum into a Roth 401K. But can roll anything over the RMD but of course must pay the taxes.

William T
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Mark Nolan Compliance Officer from San Diego, California

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Mark Nolan

Mark Nolan Compliance Officer from San Diego, California

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Compliance Officer from San Diego, California
February 28, 2024 at 11:13 am

Correct that RMDs proceeds are prohibited from being transferred to an IRA.

Yes, you can directly transfer to an IRA any amounts that are NOT part of your RMD. A separate form 1099-R would need to be issued to report the non-taxable direct rollover of non-RMD funds to an IRA.

Mark Nolan

Compliance Officer

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1-800-489-7571 www.mysolo401k.net