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Retirement tax questions
Thanks for the reply. MFJ return and as stated, the RMD of $1000 matches the RMD amount on the 5498 my dad received last year for this IRA.
Answering Yes to the first question makes sense, due to his full IRA being rolled over to a new IRA for my mom, but that Yes leading to the second question asking the following makes no sense to me and I have no idea how to answer it, since it is asking if the RMD amount of $1000 was rolled over to another qualifying account versus asking about the value of the IRA itself:
'You told us that mom rolled over the entire $1000 distribution to another qualified account. We see that $200 was withheld from this distribution. Did mom deposit $200 from your own funds in addition to the $800 mom received from the distribution? Yes/No'