3506787
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.

I'm trying to confirm if "nonqualified annuities" have a required minimum distribution calculated or if the distribution is what it is?

When I was entering two separate 1099-Rs for annuity payments, I entered the distribution amount as the RMD when turbo tax screen asked if the account was subject to RMD. I think I should have indicated no amount instead. Entering the distribution amount increased the FED tax owed. If I back this out, the FED tax amount drops. 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
RobertB4444
Expert Alumni

I'm trying to confirm if "nonqualified annuities" have a required minimum distribution calculated or if the distribution is what it is?

Yes, back the amount out if no RMD is required.

 

@katzspur 

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question