I am trying to enter information from a 1099-R which was a non-Quafying Annuity, I was the beneficiary...he died last year at age 72, RMD not required?

katiekjt · ‎March 9, 2020

The Turbo Tax questions indicate their might be a penalty for not taking a RMD, but that's not supposed to apply?

AmyC · ‎March 9, 2020

Correct, there is not an RMD for a non-qualifying annuity. You can tell the program yes, it covered the RMD just to get through that section and make sure there is no tax penalty. It will carry to the tax return correctly.

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AmyC · ‎March 9, 2020

Correct, there is not an RMD for a non-qualifying annuity. You can tell the program yes, it covered the RMD just to get through that section and make sure there is no tax penalty. It will carry to the tax return correctly.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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I am trying to enter information from a 1099-R which was a non-Quafying Annuity, I was the beneficiary...he died last year at age 72, RMD not required?