My RMD for 2018 is $33K. However the total distributions from my IRAs received in 2018 was $50K. The $17K difference was to satisfy my outstanding 2017 RMD that I was deferring up to Apr. 1, 2018: the year following the year (2017) in which I turned 70 1/2 and reported my initial RMD).
Turbo Tax options for me to select are:
- I received the full RMD (i.e, $50K) for 2018, or
- I did not receive all the RMD for 2018.
If I chose # 2, the next drop done tells me to total RMD and the amount actually received so do I enter as follows:
- RMD Amount: $33K
- Actual Amount Received: $50K.
Or should I just chose option # 1?