How do i separate info from two different accounts? i have an inherited ira with nothing to declare this year. my non qualified annuity info seems to b added to last year

ponygirlz77 · ‎February 9, 2024

when i took money out of the ira, i reported it on 2022. somehow when i put in my 1099-r for the annuity this year it added it to that total?

RobertB4444 · ‎February 13, 2024

You may have been required to take an RMD this year from your inherited IRA and the system is assuming that you did. If you didn't you should delete the 1099-R for the IRA that carried over from last year and remove it from the return altogether. Then you will have to re-enter it next year or in the year you start taking distributions again.

Here are the IRS rules on RMDs for beneficiaries.

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How do i separate info from two different accounts? i have an inherited ira with nothing to declare this year. my non qualified annuity info seems to b added to last year