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Retirement tax questions
No part of a RMD is eligible to be rolled over. Only that part of a distribution that *exceeds* the RMD amount can be rolled over or converted to a Roth.
Any part of a RMD that was rolled to another retirement account is an excess contribution to that account subject to a 6% penalty that repeats each year until removed.
TurboTax follows that rule and will not allow any distribution that is entered as a RMD to be rolled over or converted.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎June 1, 2019
3:30 PM