1351075
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.

If I rollover an inherited IRA to my individual IRA and then took a RMD from my individual IRA, why is turbo tax adding the rollover and RMD as distributions to me?

 
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.

2 Replies

If I rollover an inherited IRA to my individual IRA and then took a RMD from my individual IRA, why is turbo tax adding the rollover and RMD as distributions to me?

If you are looking at a summary screen or review screen those show the full amount as income and lump a lot of stuff together. You need to check the actual 1040 form and make sure it's right.

 

If you rolled it over it should say Rollover to the left of the taxable amount on 4b or 4d.   For 2019 IRA distributions show up on 1040 line 4a and the taxable amount on 4b.  Pensions, 401K and Annuities go on lines 4c & 4d.

If I rollover an inherited IRA to my individual IRA and then took a RMD from my individual IRA, why is turbo tax adding the rollover and RMD as distributions to me?

anything that comes out is a distribution. whether it is taxed is a different matter.

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