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Old 11-02-2017, 09:50 AM   #61
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Originally Posted by MooreBonds View Post
In your original post, you mentioned your broker wanted you to fill out a bunch of paperwork for your claim, and you didn't know if it would be worth it. That is the paperwork I was referring to.



Obviously, the OP is free to do what they wish...but if it were my grandmother (or my) taxes, I would simply include the notes and documentation on my 2017 taxes, and leave my 2016 taxes alone, since it would involve the IRS getting a 1099 showing you withdrew $x in 2017, and having to digest a letter saying "I took my 2016 withdrawl in 2017, plus my 2017 RMD, but I'm only paying taxes on the 2017 withdrawal part". Plus their tax preparer doing it correctly, with the chance this gets all mixed in up 2017 (because if the OP amends their 2016 taxes by paying taxes on monies withdrawn in 2017, the OP would have to reduce their taxable income in 2017 by the amount they claimed in 2016).
+1 You said it much better than I would. Why make it so complicated?
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Old 11-02-2017, 09:51 AM   #62
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Originally Posted by ERD50 View Post
I think it was meant to combine the RMD, not combine the accounts (unless that also makes sense).

IOW, you can have any number of accounts, your RMD is based on their total EOY value. But one RMD for the total from one of them can satisfy all of them (or any combo that equals the total RMD).

-ERD50
Hi ERD50, just clarifying that I do add up ALL my IRAS before dividing into the IRS-dictated percentage... :-)
BTW...do you happen to know what these stand for: OP - IOW - EOY - Thank you!
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Old 11-02-2017, 10:15 AM   #63
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Originally Posted by iloveyoga View Post
+1 You said it much better than I would. Why make it so complicated?
Hi iloveyoga, I can't tell who wrote the lower part of your post which I'm copying below as the Quote didn't catch it. I'm sorry but I find it difficult to decipher it.

Since you seem to understand it well ("You said it much better than I would.") won't you kindly explain it to me as to a dummy? Thanks so much. Here it is:

Quote:
Obviously, the OP is free to do what they wish...but if it were my grandmother (or my) taxes, I would simply include the notes and documentation on my 2017 taxes, and leave my 2016 taxes alone, since it would involve the IRS getting a 1099 showing you withdrew $x in 2017, and having to digest a letter saying "I took my 2016 withdrawl in 2017, plus my 2017 RMD, but I'm only paying taxes on the 2017 withdrawal part". Plus their tax preparer doing it correctly, with the chance this gets all mixed in up 2017 (because if the OP amends their 2016 taxes by paying taxes on monies withdrawn in 2017, the OP would have to reduce their taxable income in 2017 by the amount they claimed in 2016).
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Old 11-02-2017, 06:35 PM   #64
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Just my opinion but I think you kind well meaning posters are being played..
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Old 11-02-2017, 06:47 PM   #65
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It seems quite strange.......

Certainly a "Hi I am" post would be nice to start.
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Old 11-02-2017, 08:42 PM   #66
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Just my opinion but I think you kind well meaning posters are being played..
Sure is feeling that way. -ERD50
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Old 11-02-2017, 08:52 PM   #67
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Just my opinion but I think you kind well meaning posters are being played..
Forgive me....I do not understand your messages.
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Old 11-02-2017, 10:59 PM   #68
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Just my opinion but I think you kind well meaning posters are being played..
I was thinking the same thing, but figured I'd give it one more shot in case I was wrong, and someone reading later might need the info/opinion.
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Old 11-03-2017, 07:23 AM   #69
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Forgive me....I do not understand your messages.
Would you like someone to explain it to you as if you were a dummy?
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Old 11-03-2017, 07:26 AM   #70
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Would you like someone to explain it to you as if you were a dummy?
Thanx...not interested.
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Old 11-03-2017, 07:34 AM   #71
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I was thinking the same thing, but figured I'd give it one more shot in case I was wrong, and someone reading later might need the info/opinion.
Hi Sunset, what info/opinion? Thanks.
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Old 11-03-2017, 09:14 AM   #72
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THANK YOU ALL SO MUCH FOR YOUR KIND AND EFFICIENT HELP!!! It may interest you to know that yesterday I've faxed a special letter of complaint to TIAA's CEO and President. At the same time I faxed my request for the 2017 RMD to Penfed. The latter acknowledged my request immediately, this CU is super great! I was able to do this thanks to all your good advice.

I'll fix the rest of the problem in the January tax return. So everything's in order and hopefully it will work. Thanks to all of you!

Only one problem left....while I mentioned to the CEO the date of my letter of instructions (also mentioned by a TIAA person), the CEO will ask me to send a copy, which I didn't print before I lost my computer data.

My question: If I confess to them I no longer have it, do you think they may deny receiving it, despite the fact that the TIAA person's letter does mention it?

So sorry it took so long for me to straighten this out in my mind, and THANK YOU AGAIN TO EVERYONE WHO HELPED ME SO MUCH!!! :-)
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Old 11-03-2017, 10:02 AM   #73
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Respond to the CEO that you didn't keep a printed copy and your electrinic copy is not recoverable because of a disk crash but that you are certain that it was received because you later received a letter from TIAA acknowledging receipt and following up on it.
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Old 11-03-2017, 10:16 AM   #74
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Forge a copy of the letter. You're good at making things up, aren't you?

(Snarky response to a suspected troll, but a foolproof solution nonetheless. They can only prove you wrong if they have a record of the letter, in which case you are fine. Otherwise they have to take the copy as genuine.)
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Old 11-03-2017, 10:43 AM   #75
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Forge a copy of the letter. You're good at making things up, aren't you?

(Snarky response to a suspected troll, but a foolproof solution nonetheless. They can only prove you wrong if they have a record of the letter, in which case you are fine. Otherwise they have to take the copy as genuine.)
winner,winner, chicken dinner!!!!
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Old 11-03-2017, 10:51 AM   #76
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In all fairness, you have to admit that we get much more interesting trolls here than the common-or-garden variety that most forums have to contend with.
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Old 11-03-2017, 12:55 PM   #77
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Respond to the CEO that you didn't keep a printed copy and your electrinic copy is not recoverable because of a disk crash but that you are certain that it was received because you later received a letter from TIAA acknowledging receipt and following up on it.
Thank you pb4uski, yes this is the only way of course. I hope the CEO won't bother asking for it.
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Old 11-03-2017, 12:57 PM   #78
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In all fairness, you have to admit that we get much more interesting trolls here than the common-or-garden variety that most forums have to contend with.
Yes and they are very persistent too..
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