You may take an in-kind required minimum distribution (RMD) by having the IRA distribute stock to your taxable (non-IRA) account. The value of the stock on the date of the distribution determines the amount distributed to you for RMD purposes. Because of this, the basis in this stock in your taxable account becomes the amount reported for RMD purposes.
A 12-month period ending on the last day of any month other than December. Partnerships, S corporations, and personal service corporations are limited in their choice of fiscal years and face special restrictions.