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May 9, 2024
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IRA RMD

  • May 9, 2024
  • 2 replies
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I own 2 Rollover IRA accounts held at 2 different brokerages. I will be combining the RMD withdrawal and take it out of one account. How will I report this in TT since I'll have only one 1099-R from one of brokers?

    Best answer by VolvoGirl

    After you enter the 1099R it will ask if it was the RMD.  Just say YES.  It doesn't need to know that it was the RMD for multiple accounts.  

    2 replies

    fanfare
    Employee
    May 9, 2024

    Your one 1099-R will show that you satisfied the requirement.

     

    @spichon 

    VolvoGirl
    VolvoGirlAnswer
    Employee
    May 9, 2024

    After you enter the 1099R it will ask if it was the RMD.  Just say YES.  It doesn't need to know that it was the RMD for multiple accounts.