Thanks and agreed on the fact that the RMD will be taxable and the rolled over amount will not be.
What’s baffling me is if I put the RMD amount in the stupid screen below that I think they just added for either 1099R they sent me, then it doubles my tax liability for whatever reason.🤷
Let's get more information about your Required Minimum Distribution (RMD).
If your FIDELITY INVESTMENTS INSTITUTIONAL OPERATIONS CO. account was subject to a Required Minimum Distribution (RMD), we need to know the amount that was required to be distributed by December 31, 2024 from this FIDELITY INVESTMENTS INSTITUTIONAL
OPERATIONS CO. account.
Do not include RMDs which are due on April 1. RMDs for the first year you're required to take a distribution are generally due on April 1.
RMD due by Dec. 31, 2024
$0
Note: Do not include the RMD for other retirement accounts you may have. RMDs for other accounts should be entered separately.
