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fang0622
New Member

If I received a lump sum from my mothers NY insurance company when she passed my 1099R show a lump sum do I check off the RMD yes or no ?

 
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DDollar
Expert Alumni

If I received a lump sum from my mothers NY insurance company when she passed my 1099R show a lump sum do I check off the RMD yes or no ?

No, you do not need to check the "Yes" box indicating RMD.  You received a payment due to death, not an RMD.

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3 Replies
DDollar
Expert Alumni

If I received a lump sum from my mothers NY insurance company when she passed my 1099R show a lump sum do I check off the RMD yes or no ?

No, you do not need to check the "Yes" box indicating RMD.  You received a payment due to death, not an RMD.

fang0622
New Member

If I received a lump sum from my mothers NY insurance company when she passed my 1099R show a lump sum do I check off the RMD yes or no ?

So I should check the no box ? Is that correct?
dmertz
Level 15

If I received a lump sum from my mothers NY insurance company when she passed my 1099R show a lump sum do I check off the RMD yes or no ?

You can mark the No box.  It actually doesn't matter which one you check because TurboTax doesn't use the answer to this question for a distribution to a non-spouse beneficiary.  

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