Hello dmertz,
Thanks for your fine reply! And yes I do believe that what you have written is correct. (Another person replied saying this was not the case but he/she was likely not aware of SECTION 204 OF SECURE 2.0 for annuities).
But my concern now is this: How will TurboTax handle this? Also if the Financial company holding the IRA does not send the IRS a Form 5498 to indicate the 31 Dec xxxx IRA value - then how will the IRA know the RMD amount for that IRA? (My 3 annuities provide form 5498 so not an issue there). How will TurboTax handle all this?
So I guess I'm really addressing this issue to Intuit / TurboTax and they don't seem to be replying -- I'll likely have to telephone them but will wait until the TurboTax 2025 version comes-out (earliest Nov 2025 but likely Feb-March 2026 before RMD's and similar 1099-R issues are included).
Thanks very much for your reply! Please don't hesitate to comment further.
Steve on Friday 18 July 2025
