- SELF-DIRECTED IRA KNOWLEDGE CENTER
- REQUIRED MINIMUM DISTRIBUTIONS (RMDs)
- TAX WITHHOLDING AND REPORTING
How Are RMDs Treated for Tax Purposes?
In general, distributions from a traditional IRA are taxable in the year you receive them. You will receive Tax Form 1099-R to report these distributions. For Roth IRAs, distributions are generally tax-free. You should consult with your tax professional regarding any possible tax consequences.