Thank you for your timely response. Your information about entries on F 1099R was particularly helpful. None of the comments I read had clarified that before. Not having used this method before (having made Est Tax quarterly in the past), I did not know that -- when the brokerage issues a 1099R on the amount of the taxable RMD -- that they would also report the payment to IRS from the RMD as an entry for withholding on the 1099R. As our RMD will more than cover the tax due (based on 110% of last year's return), it appears no quarterly estimated payments will be necessary; hence, no entries in TT for quarterly payments. Assuming the brokerage properly reports the payments as withholding to IRS, the amounts will "flow" directly from the 1099R to line 25b of the 1040. Again, thank you for your time and effort with the explanation your provided, especially the 1099R entries.
I have read several articles that state "IRS has a special rule favorable to taxpayers," such that amounts withheld from RMD distributions are considered paid evenly throughout the year, even if made in a lump sum payment at year-end. But other than IRC 6654(g) which was cited in another comment, and which I quoted in my inquiry, I have found no "IRS special rule" which clearly specifies using the term "RMD's" as withholding treated as paid evenly throughout the year, and therefore can be used in lieu of estimated taxes. Do you know of any citation from IRS tax law/regulations/Revenue Ruling/etc. that clearly specifies RMD's for this treatment? Thanks again.
