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Retirement tax questions
Are you 70 1/2 or older? No part of a RMD is eligible to be rolled over. Any such rollover would be an excessive contribution subject to penalty until removed. That is the reason that TurboTax will not allow a rollover if a RMD. Only amounts that exceed the RMD, after the RMD has first been satisfied can be rolled over.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎June 5, 2019
11:06 PM