Form 1099-R

Forum|Forum|2 years ago
January 27, 2024
3 replies
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TurboTax asks if the 1099-R distribution is "all, some or none of an RMD distribution". How can I tell? My distribution is from a retirement account held by a financial group.

Best answer by dmertz

TurboTax only asks this question to determine how much of the distribution is ineligible for rollover. If you didn't roll over any of the distribution or convert any of it to Roth, it doesn't matter what answer you provide.

Bsch4477

Employee

Answer all is RMD.

Cynthiad66

The best way to ensure the amount of your RMD is to contact the issuer of Form 1099-R. Your 1099-R issuer is required to follow RMD rules and regulations, so if you received a distribution and you're at least 72 years young, you can be almost certain you received an RMD.

So if you met the age requirement and they issued you the form 1099R the RMD is most likely fully reported.

IRS has issued a FAQ on RMDs, see link: RMD Frequently Asked Questions by IRS

@mickey3101

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