RMD
Hi Terry,
I foolishly bought a stock about five years ago (CVSI in my SEP account). The stock went down 99.31% in value. I lost about $108,000. I’m turning 72 this month and will be taking my RDM next year. What happens if I sell the stock?
Thanks Terry … Hope I made sense …
Terry Says
You can sell the stock inside your IRA with no tax consequence. Then look at the year-end balance of your IRA to calculate your RMD next year. You don’t get “credit” for the loss. You just have a smaller balance in your account.
