I under took the RMD amount from Fidelity (National Financial Services but overtook the RMD from Riversource. How do I reflect this to avoid the penalty?

Grama4two · ‎February 21, 2025

I took the total RMD of 2 1099-R's but not as indicated. How can I avoid the penalty when I took the total RMD of the two?

maglib

@Grama4two

If you are sure that you have satisfied all RMD requirements, then in TurboTax, on each form 1099-R for RMD withdrawals, answer that The entire distribution was an RMD then on the following page, to the question What is the RMD for your account? enter the amount of the distribution you took from that specific IRA account.

That will solve your problem.

All the best.

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I under took the RMD amount from Fidelity (National Financial Services but overtook the RMD from Riversource. How do I reflect this to avoid the penalty?