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If I take the combined total of two IRA RMDs from one IRA instead of in each IRA, I don't have a 1099-R for the second. How do I report the second in Turbotax?

Forum|Forum|7 years ago
June 4, 2019
1 reply
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Example

RMD for IRA 1 $21000 Actual Amount $24000 on 1099-R

RMD for IRA 2 $3000 Actual Amount $0 (no 1099-R)

RMD for IRA 3 $10000 Actual Amount $10000 on 1099-R

TurboTax Deluxe Windows

Best answer by macuser_22

You don't. For tax purposes you only have one IRA which is the aggregate total of all IRA accounts. The combined total RMD for all accounts can be taken from any one or combination of accounts. The amounts are immaterial as long as the total RMD is satisfied.

Just answer the TurboTax RMD question that you took the RMD.

macuser_22Answer

Employee

You don't. For tax purposes you only have one IRA which is the aggregate total of all IRA accounts. The combined total RMD for all accounts can be taken from any one or combination of accounts. The amounts are immaterial as long as the total RMD is satisfied.

Just answer the TurboTax RMD question that you took the RMD.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**