RMD Withdraw Reporting

[Bob308]

I have two annuities and a mutual fund account.  The three are retirement accounts.  At the beginning of the year, I received a RMD statement from each account.  I summed the value of all accounts together and took one RMD from the mutual fund account to cover all three required RMDs.  Is there anywhere in Turbotax where I would report the values of the three accounts that the RMD was based on?

[VolvoGirl · Accepted solution]

Are they all in IRA accounts?  You can't combine the RMD from different kinds of accounts like IRA and 401k.  You will get a 1099R in late January for the withdrawal.  Just enter the 1099R and it will ask if it was the RMD.  Just answer YES.  You don't need to give the amounts for each account.  

[fanfare]

Apart from IRAs, a 401k (if any) must be treated alone and its' RMD taken from that account.

@Bob308 

[Bob308]

Thank you.  These tax rules can be very confusing.

[Bob308]

Thank you.  I appreciate your help. 

[Bob308]

Yes they are all IRAs.