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February 10, 2021
Question

Turbo Tax answer to IRA RMD all or part

  • February 10, 2021
  • 1 reply
  • 0 views

If I take more than the required minimum distribution from my IRA, can I answer the TT question that all of this distribution was an RMD or must I show part and then indicate the actual amount of the RMD?  Thank you.

    1 reply

    fanfare
    Employee
    February 10, 2021

    if you say it is all RMD, you won't be allowed a rollover.

    If you did not roll over, it doesn't matter.