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I received an IRA Fair market Value and 2017 Required Minimum Statement, where does this go?
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I received an IRA Fair market Value and 2017 Required Minimum Statement, where does this go?
Unless your IRA has a basis, neither of those amounts goes on your tax return.
You have to take your RMD, or more, by Dec 31.
Then you will get a 1099-R showing your chosen amount at the beginning of the year.
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I received an IRA Fair market Value and 2017 Required Minimum Statement, where does this go?
Unless your IRA has a basis, neither of those amounts goes on your tax return.
You have to take your RMD, or more, by Dec 31.
Then you will get a 1099-R showing your chosen amount at the beginning of the year.
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