turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Full distribution of inherited traditional IRA instead of RMD

I've read the post on similar situation but not quite understanding the answer.  Turbo Tax is asking two RMD questions.  First question is whether all or part of the distribution is RMD?  The second question is whether RMD has been taken yet for the year?  1099-R just shows the full distribution.  It does not break it down how much was RMD.  So would it be appropriate to say all was RMD since it would be covered by the full distribution?  Thanks

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
dmertz
Level 15

Full distribution of inherited traditional IRA instead of RMD

You can say it was all RMD and that the amount required to be taken is the amount actually taken.  This will prevent TurboTax from needlessly generating Form 5329 Part IX.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question