See below the email I received from my tax expert.
According to the law but there is no law that prohibits it ? What does it mean ? I know how much I should take out in RMDs from several accounts. I did not have to figure out how much for EACH account.
I took my RMDs from 2 Fidelity accounts. At the end TT asks me if I have other accounts (IRA). I do, one with Vanguard. I was told by my TT expert that I should say no because I had taken all my required distributions from 2 IRA accounts with Fidelity. Am I safe doing that ?
"Based on our conversation today about RMD, I reported the issue to my manager. In response, he explained that the software is designed according to the law, which states that you must withdraw the RMD from each retirement account. However there is not law that prohibits calculating the total RMD from all accounts, adding them and withdrawing them from the accounts of your choice, because of that, the IRS allowed us to do it. Our software is designed to prompt withdrawals from each account, but this is not a strict requirement. For future years, you can simply indicate that you do not have any pending RMS's from any of your accounts, because you know that you opt to take the total from one, two or the accounts of your choice.
I understand that our software can sometimes be challenging to navigate, but we're always working to make it more use-friendly while ensuring compliance with tax laws. After all, taxes are complex, and there will always be challenges along the way."
