Retirement tax questions


@fanfare wrote:

The RMD you must take in 2024 does not change over the course of the year.

The same goes for 2025.

 

TurboTax 2024 is probably asking if you had other IRA accounts besides the one your entered 1099-R is reporting, which could mean your total RMD is greater..

With regard to an Inherited IRA, that's not common.

 

@Carolprim5 

 


The RMD on an inherited IRA is calculated separately from the RMD on any IRAs owned in the taxpayer's own name.  Withdrawing extra from the inherited IRA does not satisfy the RMD requirement for any IRAs in the owner's own name (if they are of that age).