TomD8
Level 15

Retirement tax questions

No worries.  As long as your wife takes her 2019 RMD by April 1st, she is in full compliance with the  law.

No need for a corrected 1099-R.  Your 1099-R is correct since it shows the distribution you actually received in 2019.  There is nothing to correct.

As @fanfare stated, the reminder of her 2019 RMD will be reflected in the 2020 1099-R that she will receive next year.

When you enter the 2019 1099-R in TurboTax, just check the box that the distribution is all RMD.  It is not all of the RMD, but it is all RMD.

 

By the way, some banks will waive the early withdrawal penalty on a CD IRA if the withdrawal is made to satisfy RMD requirements.

 

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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