MRD Death Benefit

Forum|Forum|1 year ago
March 7, 2025
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Received a Distribution Statement and check in 2024 as beneficiary for deceased mother in law. How is that reported in Turbo Tax? No 1099 form received.

TurboTax Home & Biz Windows

DianeW777

It depends. First check your statement to see if it indicates it's a 'substitute 1099-R. If not,, check with your plan administrator to request information as to why they did not issue a Form 1099-R to you. The fact you did not receive one could be an indicator it is not taxable to you. However if you are referring to a required minimum distribution (RMD vs MRD) then it would seem you have a taxable transaction.

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