With apologies in advance for the verbosity, I have a follow up question for a similar but not identical situation:
- Two accounts: (1) standard IRA, RMD taken normally, to the penny.
- (2) annuity IRA, account rolled over to acct (1) in October. Acct (2) FI did not take RMD before rollover, did not issue 1099-R (long story, don't ask).
- In November, acct owner had acct (1) FI take an additional (voluntary, as far as Acct 1 concerned) distribution at what acct owner calculated to be what the RMD for acct (2) *should* have been, based on (best guess) FMV (again, don't ask).
- Acct (1) FI issued 1099-R, but shows values only for the RMD distribution, not the additional.
- How/where to report the additional (voluntary) distribution? Per the suggestion above, I added RMD + voluntary distributions to Box 1 - but now the total disagrees with what the 1099-R form reads. Is this an issue? If so, what would be the better approach in this situation?
[This likely should be a separate post, but I wanted to reference the steps recommended in the previous reply.]
One other thing: should we report the missing 1099-R (with best-guess values), to substantiate what the RMD total for the 1040 filing should have been? If I go the missing-1099-R route in TT, it puts us back in tax-penalty territory, notwithstanding the distribution total matches the RMD total for all accounts.
