If the RMD is $850 you withhold $85 of that amount and the customer gets a check for $765. (The issue is whether $850 is withdrawn; the customer can actually elect against withholding altogether.)
IRA Customer With RMD- Federal Tax
Can someone please tell me whether, for an IRA customer over 70 1/2 who has an RMD, does the federal tax withheld get deducted from the RMD amount or is it an additional % on top of the set RMD amount?
First published on 12/09/2018