pmbrad
Returning Member

1099-R with taxable RMD and nontaxable rollover (inherited from spouse)

I can't get Turbotax to capture the taxable portion of an IRA rollover.

 

IRA rollover was done on IRA inherited from spouse and treated as my own.

The RMD needed to be taken at rollover, so the RMD was distributed (taxable) and the rest was rolled into my IRA.

There is one 1099-R from the custodian which shows the total amount of the transaction (rollover plus RMD) in Box 1.  The amount in Box 2 is the same, saying the full amount is taxable. (It's not, just the RMD is taxable)

Box 2b Taxable amount not Determined is CHECKED. Total Distribution is CHECKED. Box 7 is Code 4 (death).

The IRA SIMPLE box is checked.  Federal and State income taxes withheld (on the RMD portion) are shown in boxes 4 and 14.

 

I have done the interview questions and cannot find a way to just have the RMD show up as taxable. It either rolls the whole amount, or shows it as 100% taxable.