2856309
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Will my mandatory distribution need clarification if i took both from only one account ?

Didnt get a 1099r from one ira because there was no withdrawal from it
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
LindaS5247
Expert Alumni

Will my mandatory distribution need clarification if i took both from only one account ?

Your Required Minimum Distribution (RMD) must be calculated separately for each IRA that you own, but the total amount of your RMD can be withdrawn from one of the IRAs. 

 

Your 1099-R should reflect the amount of your Required Minimum Distribution that was required, and that is what you have to report as a distribution.

 

You should enter your Form 1099-R as it is shown if it reflects the total amount of your Required Minimum Distribution. 

 

 

Click here for instructions on entering your Form 1099-R.

 

Click here for information regarding Required Minimum Distributions (RMD's).

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
dmertz
Level 15

Will my mandatory distribution need clarification if i took both from only one account ?

No explanation on your tax return or to the IRS is needed.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question