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March 21, 2023
Question

How do I calculated the taxable amount for an RMD that includes after tax contributions?

  • March 21, 2023
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How to account for after tax contributions to my IRA?

1 reply

March 21, 2023

Every persons situation is unique. Contact your IRA plan administrator for help in figuring the RMD amounts. 

 

Per IRS: Generally, a RMD is calculated for each account by dividing the prior December 31 balance of that IRA or retirement plan account by a life expectancy factor that the IRS publishes in Tables in Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs)

 

To enter your 1099-R, click here

 

To enter your IRA contributions, see Where do I enter my traditional or Roth IRA contributions?

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