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Self employed
Your RMD will be reported on a 1099-R with the withholding reported there as well. Withheld taxes are treated by the IRS as having been received equally on each day of the year throughout the year. So your RMD will be covered provided enough taxes are withheld.
The estimated payments calculated by TurboTax are based off of the current year taxes and are just designed to avoid penalties and interest. Their amount is calculated based on the current year taxes due and current year withholding. If your next year is similar then they've covered you well.
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‎February 23, 2024
8:54 AM