RMD reporting

[Ron51]

Turbo Tax Question: "Tell us how much of $xx you received applies to the RMD that needed to be taken out."    When one has multiple investments, is it important to identify what part of this distribution was an RMD versus saying "all"?  For all my investments in total, I make sure that the sum of all the amounts distributed exceeds the RMD for all my investments.

[JulieS · Accepted solution]

No, not really, as long as you are certain your RMD was taken during 2019.

The information about the amount of your RMD doesn't appear on your tax return, unless you failed to take the minimum amount. This information is just used by the program to figure out if you owe a penalty.

[fanfare]

regarding distribution over the RMD, you have options on what to do with that money.

If you are taking it all out as cash, reply "ALL" or 100%.