AmyC
Expert Alumni

Retirement tax questions

Questions 1: Yes, some or all of this withdrawal was as RMD.

 

Every IRA has an RMD. Because you liquidated the entire amount, you definitely took out more than the RMD. When the software asks, it is looking for amounts less than the RMD in order to calculate the penalty. 

 

Question 2: David received all the RMD for 2019. You did not have other accounts where money was taken but not the full amount. You took at least the Required Minimum Distribution from all accounts, as required.

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