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Taking out RMD plus additional. RMD goes to stock account. Additional is cashed out. How do you enter?

 
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Taking out RMD plus additional. RMD goes to stock account. Additional is cashed out. How do you enter?

Got one 1099-r for entire amount.

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IreneS
Intuit Alumni

Taking out RMD plus additional. RMD goes to stock account. Additional is cashed out. How do you enter?

To indicate that part of your distribution was a required minimum distribution, please follow these steps:

After the 1099-R entry screen, you will come to a screen, About This Retirement Account.

  1. Mark the radio button, Yes, some or all of this withdrawal was an RMD.
  2. A section will appear, Tell us how much of the [distribution] was an RMD. Mark the radio button for Part of the distribution....
  3. Enter the amount that applies to the RMD.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

5 Replies

Taking out RMD plus additional. RMD goes to stock account. Additional is cashed out. How do you enter?

How many 1099-R forms did you get?

Taking out RMD plus additional. RMD goes to stock account. Additional is cashed out. How do you enter?

Got one 1099-r for entire amount.

Taking out RMD plus additional. RMD goes to stock account. Additional is cashed out. How do you enter?

What do I check when asked what did you do with this money?
IreneS
Intuit Alumni

Taking out RMD plus additional. RMD goes to stock account. Additional is cashed out. How do you enter?

"something else"  You did not put it in another retirement account (that's not allowed).
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
IreneS
Intuit Alumni

Taking out RMD plus additional. RMD goes to stock account. Additional is cashed out. How do you enter?

To indicate that part of your distribution was a required minimum distribution, please follow these steps:

After the 1099-R entry screen, you will come to a screen, About This Retirement Account.

  1. Mark the radio button, Yes, some or all of this withdrawal was an RMD.
  2. A section will appear, Tell us how much of the [distribution] was an RMD. Mark the radio button for Part of the distribution....
  3. Enter the amount that applies to the RMD.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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