@lbenioff25 wrote:
I think the issue is that the financial institution made a mistake on the 1099R form Distribution code. When I changed to code in Trubo Tax I was then prompted for the RMD and the error message went away.
RMDs for IRAs that you directly own are not combined with RMDs from inherited IRAs. They must be calculated and satisfied separately.
The reason you are asked if you took your RMDs, is that there are certain things you are not allowed to do until you take your RMD. For example, you can't rollover or convert an IRA until you have taken your RMD, and you can't contribute to a new IRA using RMD money, so Turbotax needs to compare your RMDs to your income. As long as you are not doing either of those things, the fact that Turbotax does not ask about RMDs for some inherited IRAs will not cause any problems for you.
