Oregonians Credit Union — If a Traditional IRA owner distributes more than the RMD amount, can the excess amount that was distributed be used to reduce the required distribution for next year?

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If a Traditional IRA owner distributes more than the RMD amount, can the excess amount that was distributed be used to reduce the required distribution for next year?

If a Traditional IRA owner distributes more than the RMD amount, can the excess amount that was distributed be used to reduce the required distribution for next year?

No. A Traditional IRA owner cannot carry over amounts that exceed the RMD and use them to satisfy a subsequent year's RMD.

The first amounts distributed in each distribution year are credited toward satisfying the RMD for that year. The IRA owner may not use a distribution in one year to satisfy a subsequent year's RMD.

For example- A distribution made in 2023 will not satisfy a 2024 RMD.

If a Traditional IRA owner distributes more than the RMD amount, can the excess amount that was distributed be used to reduce the required distribution for next year?

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If a Traditional IRA owner distributes more than the RMD amount, can the excess amount that was distributed be used to reduce the required distribution for next year?

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