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Retirement tax questions
@dmertz Thank you for the response and yes, the info you have given me is accurate. You were helpful last year with the same info, so much so, I copied and pasted it right into my spreadsheet! 🙂 However, what I encountered this year is the question from TurboTax which asks me: “Is the full amount withdrawn from the IRA the entire Required Minimum Distribution or is it a part of it” Then in the next screen it asks me which part or how much was the Required Minimum Distribution. My problem is I don’t know how to determine that since it’s not listed on the 1099. Thanks, I hope this makes more sense….as I said, financial terms challenged….LOL.
Steve
‎March 24, 2020
11:24 AM