If I make some withdrawals from my IRA and my age is over 59 1/2 but under 72, will those withdrawals go toward satisfying the IRS RMD when I do turn 72. In other words lets say I am 70 and need the cash so I make some withdrawals. I make the withdrawals and pay the required taxes. Will these distributions count towards my RMDs when I turn 72? If so, how are these accounted for?
Or does the IRS simply look at the balance in my IRA (which will be reduced due to the previous distributions) when I turn 72 and calculate the RMD based on the current balance?
thanks Mark