Doo I take an RMD from an annuity if I am already paying RMD from my IRA? If yes, what %?

[MaryK4]

It depends- in general, you are required to take an RMD from a qualified annuity.  The RMD is calculated on each account separately by taking your account balance as of December 31st and divided it by the factor from the IRS Uniform Lifetime Table.

If you have already annuitized the contract (meaning you are receiving a fixed monthly check), the amount usually satisfies the RMD for that specific annuity so you do not have to enter it and calculate it with your other IRA distributions.  You should be able to contact the administrator to find out the amount for the annuity RMD, because starting in 2026, if your annuitized payments are larger than the RMD required for that annuity, you can now use that "excess" to help satisfy the RMDs for your other IRAs.)

[jpw050]

When reporting an RMD for a qualified annuity, the Gross Distribution amount and the Taxable Amount are the same on the 1099-R.  Is it necessary to report the RMD at all or should both amounts be entered into TurboTax?  I do not see where the amount of taxes owed or refunded would change.