If you are diagnosed with hypersomnia, your doctor can prescribe various drugs to treat it, including stimulants, antidepressants, as well as several newer medications (for example, Provigil and Xyrem).
You may have your 2015 RMD made payable directly to the charity (provided it meets the IRS definition of a qualified charity), and then designate it as a qualified charitable distribution on your tax return. You'll have satisfied your distribution requirement, and you won't have to pay income taxes on that money.
Distributions out of the account after age 59Â½ are taxed as ordinary income. You don't have to calculate investment gains. If you have nondeductible contributions in your traditional IRA, you can use IRS Form 8606 to determine the taxable portion of a distribution.oth IRAs aren't subject to RMDs during the owner's lifetime.ou don't have to calculate investment gains. If you have nondeductible contributions in your traditional IRA, you can use IRS Form 8606 to determine the taxable portion of a distribution.Roth IRAs aren't subject to RMDs during the owner's lifetime.