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narayanj09
Returning Member

RMD

My question is my RMD for 2020 was $29,000 and after federal taxes the net was $26,100.00 but i reported $29,000 

did i do right 

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‎March 5, 2021 3:58 PM
last updated ‎March 05, 2021 3:58 PM
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macuser_22
Alumni
Alumni

RMD

Yes.  The tax withheld was part of the distribution and is taxable income reguardless of what you did with it.

**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.**
‎March 5, 2021 4:05 PM
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narayanj09
Returning Member

RMD

Yes and thank you Turbotax

‎March 9, 2021 4:47 PM
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