Originally Posted by youbet
You don't need to set quarterly RMD payments, just do it in Dec. Unlike estimated payment, withholding doesn't have to be "timely." You can withhold your entire year's tax obligation on Dec 31st.
I may be misunderstanding you, or the situation I'm describing is different from what you are covering - I was thinking in terms of having my entire
tax obligation covered by just
the RMD withholding.
IOW, I might have income from dividends (with no withholding) in all 4 quarters. In that case, if my only withholding was from the RMD in Dec, might I run afoul of IRS regs? My thinking was, spread it out evenly over the 4 quarters, and it would be close enough to actual income to stay in the guidelines?
I understand that I can do the RMD in Dec, and if I withhold a proper amount to cover taxes on the RMD, that's fine. But I thought that would not cover me for any additional
taxes due in Q 1-3?
edit/add: OK, so by saying this "Unlike estimated payment, withholding doesn't have to be "timely.""
you are saying that Dec w/h would apply to all other tax obligations in any quarter?