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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 Reply
dmertz
Level 15

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


@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.

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