IRA RMD
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?
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?
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.
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