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QUQU
Returning Member

RMD

I have IRA accounts in three places. I took my total RMD from one of those accounts. Each place gave me a worksheet of how much I needed to take from the account they held. I added each account and took the total from one.  Do I have to anywhere in Turbo Tax list the total amounts in all three accounts. Last year (2024), my retirement funds were at one place, and it was reflected on my tax return (2024) 5a. This year, I moved some out (I have since moved them back so next year it will be fine), but this year (2025) line 5a reflects only the amount where I took the RMD. Is this correct or a RED flag to the IRS.

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1 Reply
MaxA1
Employee Tax Expert

RMD

You can take your Required Minimum Distribution (RMD) for all your traditional IRAs from just one of your IRA accounts.  RMDs from 401(k) plans or inherited IRAs must be taken separately from each specific account. 

 

Assuming that all your retirement accounts are Traditional IRAs, what you did is correct and won't raise a red flag to the IRS.

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