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Level 2
posted Apr 1, 2025 7:04:43 PM

could you include RMD from Sep Ira on 1099R as a business income on 2024 tax return?

could you include RMD from Sep Ira on 1099R as a business income on 2024 tax return in business section?

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1 Replies
Level 15
Apr 1, 2025 8:06:43 PM

@bhajialilou wrote:

could you include RMD from Sep Ira on 1099R as a business income on 2024 tax return in business section?

A SEP-IRA distribution is personal income, not business income.