- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Make sure you have the IRA box checked on all three of your 1099-R entries. Taking your total annual Required RMD across several accounts can be tricky to enter into TurboTax correctly.
If your total RMD is 15K for example, and you took distributions from three different accounts to satisfy this, you can choose 'all or part of of this distribution is RMD'. Then enter the RMD amount on the next screen as equal to (or less than that distribution).
Any distribution amounts over the required amount are considered 'non-RMD' and TurboTax asks what you did with the balance. For example, If you had a distribution of 20K and you indicated that 5K is the RMD for that account.
Since the IRS doesn't know what your total RMD should be, or how much from each account, as long as you account for the total RMD with an amount equal to or less than the distribution you are reporting on the 1099-R, you should have no issue.
Here's more info on What is RMD?
**Mark the post that answers your question by clicking on "Mark as Best Answer"