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New Member
posted Feb 3, 2023 10:53:52 AM

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

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2 Replies
Expert Alumni
Feb 3, 2023 11:56:43 AM

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Distribution (RMD) must be calculated separately for each IRA that you own, but the total amount of your RMD can be withdrawn from one of the IRAs.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

Level 15
Feb 3, 2023 1:55:04 PM

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