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Level 1
posted Jan 25, 2025 1:44:09 PM

RMD Withdrawal

I have 3 IRA accounts, and I'm subject to RMD.  In 2024, I took withdrawals from all 3 IRA accounts, but I took out more than the RMD minimum, by about $9K.

In TTAX, I reported that the entire w/d from 2 of those accounts was the RMD amount, but what number do I use for the w/d in the 3rd account, from which the amount that I took put the sum of the w/d's over the RMD?

Do I just report as if the 3rd amount is entirely RMD anyway?

Or do I input the amount that brings the sum of the 3 w/d to the RMD amount?

0 1 753
1 Replies
Expert Alumni
Jan 29, 2025 2:03:03 PM

Yes, if you take the minimum distribution between all accounts, just answer that each account has RMD. The program is looking for when too little was taken to calculate a penalty. Since yours was all accounted for, just say yes and enter whatever you need to avoid a penalty.