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Level 1
June 3, 2019
Solved

I turned 70 1/2 this year. Do I need to submit any paperwork other than my normal return? An annuity with Nationwide Ins. meets the req. deduction.

  • June 3, 2019
  • 2 replies
  • 14 views
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Best answer by Hal_Al

No. You just file a normal return. Nowhere on the actual IRS forms do you report that your taxable distribution from a retirement plan satisfied your Minimum Required Distribution (RMD) requirement. However, the TurboTax interview and worksheets will note that the RMD was satisfied.

The IRS only requires that you report yourself if you don't meet the RMD 

2 replies

Hal_Al
Level 15
Hal_AlLevel 15Answer
Level 15
June 3, 2019

No. You just file a normal return. Nowhere on the actual IRS forms do you report that your taxable distribution from a retirement plan satisfied your Minimum Required Distribution (RMD) requirement. However, the TurboTax interview and worksheets will note that the RMD was satisfied.

The IRS only requires that you report yourself if you don't meet the RMD 

VolvoGirl
Level 15
June 3, 2019
You will get a form 1099R to enter into your return for it.  Were you getting any 1099R before for taking any distributions?  It will be the same.  When you get the 1099R in January post back if you need help entering it.