I have 2 accounts. One from an annuity. The annuity pays more than the RMD for that account. So I take less than the full in the other IRA, the total being over the minimum for the total of both. On the 1099 R form, enter the actual required amount for that account, then enter the distribution taken. Do that in each account regardless of whether over-or under. Make sure you check the entire gross applies to the 2024 RMD. THEN IF YOU CLICK THE QUICK ZOOM TO FORM 5329, it will show you’ve paid the appropriate total RM d, and no penalty. Make sure you don’t combine different individual’s RMDs, like a spouse as that is not allowed. Try it and get back to us.
