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New Member
posted Oct 14, 2020 5:25:16 PM

My mom passed away and her IRA was closed and the money distributed between 6 beneficiaries. How do I answer the question about the RMD?

0 4 360
4 Replies
Level 15
Oct 14, 2020 6:20:35 PM

What code is in box 7 of the 1099-R you received?

Level 15
Oct 14, 2020 6:26:35 PM

Actually the RMD question is only material if only the RMD amount was distributed.    If the entire IRA was liquidated and distributed then the answer is irreverent - just say that it was all a RMD.

Level 15
Oct 14, 2020 6:37:45 PM

Did one person get the 1099R for the whole amount or did you each get your own 1099R?

Level 15
Oct 14, 2020 6:51:30 PM

TurboTax only asks this question to determine how much might be eligible for rollover.  However, since a non-spouse beneficiary is not permitted to roll any of this distribution over, it doesn't matter how you answer the question.  Simply say it was all RMD.