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RMD Reporting
reported the 1099R amount I received for my RMD ....this was included in the total Gross Distribution Amount so it it is being taxed as regular income which is correct ....but as I continue in the menu I am asked the amount of RMD received which is for the year and when I put that number in my taxes due goes up.....so should I enter 0.00 or put another way is the entry they are relaying asking trying to identify RMD's that were not fully taken so they can assess the 50 % penalty?
March 22, 2025
1:55 PM