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Retirement tax questions
It depends. In order to accurately report your RMD information, you must know the total amount of your RMD requirement for the year. You may aggregate the total amount on one form. Report your total RMD requirement on that form. Do this on your first 1099 R entry.
Now when you enter your second form 1099 R, mention that none of this was an RMD and complete the form. After you complete both forms, there will be follow-up screens. You will see a screen that asks if you met your total RMD requirement for all your retirement accounts. Here you will say yes.
Be sure when you enter the RMD amount for the first form, you indicate that this was the required minimum distribution for the year so that it doesn't trigger the penalty tax for the year. Here is the screen I mentioned previously.
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