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April 8, 2025
Question

How to report ONE MRD full amount for TWO accounts?

  • April 8, 2025
  • 1 reply
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One account is an annuity that is tax deferred so no 1099-INT is sent out. But the RMD is still due and the amount was added to another RMD account for the total amount of both.

    1 reply

    April 9, 2025

    To clarify, you had two IRA's with RMD requirements and took the RMD for IRA's from one IRA? If yes then please follow these steps:

     

    1. Click on "Search" on the top right and type “1099-R”
    2. Click on “Jump to 1099-R” and enter your 1099-R
    3. On the "Required Minimum Distribution" screen enter RMD for this account 
    4. On the "How much of This Distribution Applied to your December 31, 2024 RMD" screen select "The entire distribution applied…"  / or select "Some of this distribution…" and enter the RMD amount (if this distribution includes RMD for other IRA accounts then you included the amount here)
    5. On the "Your 1099-R Entries" screen click "Continue"
    6. On the "Did You Miss a Required Distribution From Any Retirement Accounts?" screen select "An IRA..."
    7. On the "Total RMD for all other IRAs" screen enter the RMD from your other IRAs (where you didn't take a distribution from).

     

     Please see Can an account owner just take a RMD from one account for additional information.

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