I am 71 years old. I have a monthly annuity income that is greater than the rmd. However, I checked the box that said the entire amount went toward the rmd. Is that bad?

[Rachel_W · Accepted solution]

No, this is not bad as long as you did not roll over any of the money to another qualified retirement account. 

TurboTax uses your answer to this question to determine how much you are permitted to rollover.