I had 4 1099-Rs. For each one, TurboTax asked for the RMD. One financial institution supplies it each year for the following year. It took a lot of work but I finally figured it out for the others. I’d appreciate your confirmation that these are correct.
- For one traditional IRA, I googled and found a calculator. The calculation matched my distribution to the penny. Great!
- One is a “matured” account that has no balance, just a monthly payout until it expires in Jan 2026. I assume that means there is no RMD. Correct?
- One is a non-qualified annuity, so no RMD. Correct?
I did not have expert advice in answering these questions so I’d appreciate your confirmation that I got the last two right.
