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Retirement tax questions
@VolvoGirl I have the same problem...In my case, the accounts stayed within the same firm but changed trustees and account numbers. I received 2 1099R's with the distribution separated out by account numbers.
The 1st custodian listed my total RMD but the second didn't list any RMD. My question: Do I put the total RMD as reported for the 1st acct when ask what my RMD was but list the distribution for that acct as reported on the 1099R; then put '0' in the amt required for the 2nd trustee acct and list the actual distribution as listed on the 1099R. Alternatively, I can separate out the 2 reported RMD as listed and then record the actual distributions as listed on the 1099R for both accts individually.
March 20, 2025
10:28 AM