CAC
Level 8
This widget could not be displayed.

Retirement tax questions

Thank you for your reply. The problem is the "what did you do with the money" question does not appear. An IRA account was closed and moved to another institution. The RMD was taken and the remainder rolled into another IRA at a different institution. I received a 5498 form for the rollover from that institution. The 1099-R indicates a full distribution (boxes 1, 2a, 7, IRA/SEP/Simple). I tried entering the RMD amount as the taxable amount for 2a but that didn't work (taxes are still calculating on the full amount). The only thing that works is entering the RMD amount in boxes 1 and 2a so I will have to go with that, despite not matching the 1099-R.