1099R - Who is the "If this person had lived" mentioned on the screen

rritarose7 · ‎June 6, 2019

As I enter information about my 1099-R a screen asks "How old would this person have been, if he had lived?" Who are they talking about?

LisaBr · ‎June 6, 2019

If you answered the question after entering the 1099-R that the funds were inherited, you will have a few more questions regarding the person from whom you inherited the retirement funds.

This question is asking about their Required Minimum Distribution and the how old the deceased person would have been in 2017.

The next question is whether this distribution was all or part of the RMD. The answer is usually yes if the person would have been 70 1/2 or older in 2017.

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LisaBr · ‎June 6, 2019

If you answered the question after entering the 1099-R that the funds were inherited, you will have a few more questions regarding the person from whom you inherited the retirement funds.

This question is asking about their Required Minimum Distribution and the how old the deceased person would have been in 2017.

The next question is whether this distribution was all or part of the RMD. The answer is usually yes if the person would have been 70 1/2 or older in 2017.