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skazka
Returning Member

Why TT asks me for 1099B for RMD from IRA when I only need 1099R?

Inherited 3 years ago traditional IRA (non-spouse), took RMD out on time, required amount. I received and entered 1099R (box 7 code 4) . Wells Fargo is telling me we don't need 1099B, only need 1099R, so as couple of online sources.... but TT finds errors running a check, and sends me to correct them by filling out 1099B (which I wasnt asked about untill after the check). 

 

Can I just skip 1099B or will it create mess and delay my return?

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1 Reply
AmyC
Expert Alumni

Why TT asks me for 1099B for RMD from IRA when I only need 1099R?

1099B has nothing to do with an inherited IRA, as you know. You put in the form, you mark NOT an RMD since 2020 didn't have RMD. Your box 7 code 4 is correct.

 You can fill this form out for someone to call you. Let another set of eyes take a look.

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