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cydb35
New Member

When I enter the RMD amount from an inherited benefit do I enter the before tax amount or the amount that I received in the check?

I had taxes withheld.
2 Replies
MinhT1
Employee Tax Expert

When I enter the RMD amount from an inherited benefit do I enter the before tax amount or the amount that I received in the check?

The amount taxable is the gross RMD amount.

 

You have to report the amount in box 1 of your form 1099-R.

 

Taxes withheld are reported in box 4.

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cydb35
New Member

When I enter the RMD amount from an inherited benefit do I enter the before tax amount or the amount that I received in the check?

Thank you

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