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?

mgally · ‎October 14, 2020

macuser_22 · ‎October 14, 2020

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

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

macuser_22 · ‎October 14, 2020

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.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

VolvoGirl · ‎October 14, 2020

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

dmertz · ‎October 14, 2020

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.

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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?