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RMD 1099-R shows as Total Distribution
Prior to his death, my husband took his RMD from his IRA. I inherited his IRA and had the balance transferred into an IRA at the same financial institution, but under my SSN. The 1099-R issued for the RMD and under his SSN shows this as a Total Distribution (ie. both boxes in 2b are checked).
The RMD distribution shown on the 1099-R was not a total distribution that closed out his account. His IRA balance was transferred to my IRA several months later.
Is this 1099-R correct (doesn't seem right) or should I ask for a corrected 1099-R?
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‎February 5, 2020
11:50 AM