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Retirement tax questions
Why isn't it a RMD? Did you already take your RMD or take out more? You can't put back or rollover any RMD amount. You can replace any excess within 60 days. After you enter the 1099R it will ask what you did with it. Say you moved it to another IRA even if you put it back into the same account. Did they take any withholding out of it? You had to replace the withholding from your own money or the withholding will become a distribution and taxable.
‎January 24, 2024
5:34 PM
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