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Question

Can you take RMD from multiple accounts to meet distribution requirements ?

Forum|Forum|1 year ago
February 18, 2025
1 reply
0 views

Did not meet RMD from one account, but made up difference from second RMD account

Employee

No problem. You can have multiple accounts and take it all from one account. The IRS is just making sure you got it all. When you enter the 1099-R, the program asks if you took the full RMD required or less, meaning across all accounts that you have.

Since you took your full RMD from all accounts -
- Enter the 1099R value for amount taken.
- Enter a value less than or equal to the payment amount on the 1099-R on the RMD required screen.

This is not part of your tax return, this is the program trying to determine if a penalty needs to be calculated.

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