Answer:
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 (The issue is whether $850 is withdrawn; the customer can actually elect against withholding altogether.)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
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Question:
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?
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