MarilynG1
Expert Alumni

Retirement tax questions

Correct, there is no way to tell from the 1099-R whether a distribution was a regular payment or contains RMD.

 

However, once you are 72, and the payor determines your RMD is 12K for the year, 1K of each monthly payment is RMD and the total distribution shown on the 1099-R contains the total required RMD of 12K, for example. 

 

You can then safely report in TurboTax that your distribution was all RMD.  

Nothing about that question  goes on a tax return.   The ONLY reason for the question  is to determine  if the distribution was eligible for rollover.

 

If the distribution is for your RMD for the year, it will be treated as a normal distribution.  The code 7 will be marked in Box 7 on your Form 1099-R. 

 

Click this link for more RMD Distributions.

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