If I have to make a RMD this year of $10000.00 and I ask the IRA Custodian to send 10% to IRA n STATE? What happens? I get a Net check for 9800.00 with $100 sent each to IRS and STATE?
OR
Do I get a net check of $10000.00 and $100 from my IRA cash goes to IRS and $100 from my IRA cash goes to STATE?
I think the answer is 9800 net comes to me from IRA and $100 each goes to IRS n STATE - for a grand total Distribution from my IRA of 10,000 (which is my requirement).
OR
Do I get a net check of $10000.00 and $100 from my IRA cash goes to IRS and $100 from my IRA cash goes to STATE?
I think the answer is 9800 net comes to me from IRA and $100 each goes to IRS n STATE - for a grand total Distribution from my IRA of 10,000 (which is my requirement).