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Retirement tax questions
An RMD is simply a regular distribution that is not eligible for rollover and is subject to penalty if not taken. There is no other distinction between a distribution that is an RMD and one that is not. Therefore, to avoid a penalty calculation, enter as RMDs the amounts from your 1099Rs (which haven't been rolled over) which in total are equal to or in excess of your RMD.
‎June 26, 2024
10:19 AM