This is my first year to report an RMD. My financial advisor provided me the 2019 RMD from 4 different IRA accounts and the total 2019 distributions taken from the 4 IRA accounts. The total withdrawn from the 4 accounts is way more than the RMD. I'm not sure how to answer the TurboTax question on "how much received on a specific IRA account applies to the RMD". Should I say all of it or should I take the total 2019 RMD for all 4 accounts and enter them on one of the 4 accounts? I know that the RMD doesn't have to apply to a specific account - only the total RMD has to be taken from any combination of your IRAs.
An associated question - last year in my 2018 tax forms my financial advisor provided forms 5498 that gave me RMDs for the 2019 tax year - they are close but do not match exactly the total RMD that was reported to me by the financial advisor on my 2019 account summary (not an IRS statement) - they are off by a few dollars. Which should I believe or will the IRS believe was my real RMD for 2019? Or should I round up and give a ball park number above the RMD to insure that I don't get any sort of penalty. I did check the TurboTax box that says my RMD was satisfied, but I don't know what the IRS looks at to make sure that is the case. Just trying to be cautious and get it right.
Al Donn
