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Retirement tax questions
My RMD in totality is approx $20,000 and I took out $25,000 in RMDs. So I have met the RMD requirement.
The distributions came out of 4 accounts but I have 5 accounts that have RMDs.
I understand that distributions don't have to come out of all the accounts, I just have to meet the totality of RMD distributions WHICH I HAVE DONE.
My question was: Do I need to make a notation (for information purposes only) to the IRS in my tax return that I didn't take anything from my 5th account. If I do need to do this, how do I enter it into Turbo Tax.
2 weeks ago