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Retirement tax questions
Indicate that all of the 10K distribution was RMD, and that you transferred 6K to your own IRA. You get taxed on the 4K income you didn't roll over.
The IRS is only concerned that you took the RMD; they have no idea what the amount of your RMD should be, and it is not indicated on the Form 1099-R.
The only time you need to indicate that only part of a distribution is RMD is if you rolled over the RMD to QCD (qualifying charitable distribution).
Here's more info on IRS Requirements for RMD's.
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‎April 13, 2024
8:07 PM