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New Member
posted Apr 13, 2023 9:20:36 AM

My 1099-R doesn't breakdown how much of the distribution was RMD, but the entire distribution was more than the required. I set it up through my Merrill advisor at BOA

How do I answer the amount of my $4,000 distribution that was RMD

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2 Replies
Expert Alumni
Apr 13, 2023 9:43:43 AM

If you can't find it online or didn't receive one in the mail, contact your broker, bank, plan administrator, or financial advisor.

 

You can usually view statements about your RMD in your online account from your plan administrator. If you received a Form 5498 for an IRA contribution, you could find your RMD in Box 12b (this isn't common).

 

The IRS provides resources and worksheets to calculate your required minimum distribution on your own.

 

Level 15
Apr 13, 2023 1:17:24 PM

If you didn't roll over any of the distribution, it doesn't matter how you answer this question.  TurboTax only asks this question to determine hos much of the distribution was eligible for rollover.