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geolin
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How do I report RMD distribution from one IRA account when I have several accounts that require a RMD distribution?

currently using the 2018 tax program and am unsure as to how I indicate my RMD distribution coming from one account when I have several that are reporting an RMD amount to be removed. Information was reported to these companies that I am removing the total RMD amount from another account.

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Accepted Solutions

How do I report RMD distribution from one IRA account when I have several accounts that require a RMD distribution?

OK ... if you have several IRA accounts with RMD requirements you are allowed to add all those together and withdraw it all from one IRA account ... simply enter the one 1099-R and say it is the RMD ... you don't need to make any other references to the other accounts you did not touch ... the IRS knows the total RMD you were required to take from all the IRA accounts and as long as that amount (or more) shows up on your return you are good. 

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2 Replies

How do I report RMD distribution from one IRA account when I have several accounts that require a RMD distribution?

OK ... if you have several IRA accounts with RMD requirements you are allowed to add all those together and withdraw it all from one IRA account ... simply enter the one 1099-R and say it is the RMD ... you don't need to make any other references to the other accounts you did not touch ... the IRS knows the total RMD you were required to take from all the IRA accounts and as long as that amount (or more) shows up on your return you are good. 

How do I report RMD distribution from one IRA account when I have several accounts that require a RMD distribution?

Each individual Form 1099-R that is associated with each retirement or IRA account distribution (withdrawal) must be entered separated in the "Enter Form 1099-R" section.  The Values of each form 1099-R need to be entered separately.

If this posted response is useful to you, please click on the upraised hand in the lower left of this post. Thank you. Scruffy Curmudgeon--PFFM/ IAFF, retired FireFighter/Paramedic - Locals 718/30, Veteran USAR O3 AIS/ASA '65-'67


NOT INTUIT EMPLOYEE
USAR 64-67 AIS/ASA MOS 9301 - O3

- Just donating my time
**Say Thanks by clicking the thumb icon in the lower left corner -it means nothing but makes those than answer feel wanted.
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