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We took a RMD from an inherited Money Market Fund and have not received a 1099-R. Are we supposed to file a 1099-R for this? We did for the RMD we took from separate IRA.
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June 4, 2019
1:29 PM
last updated
June 04, 2019
1:29 PM
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We took a RMD from an inherited Money Market Fund and have not received a 1099-R. Are we supposed to file a 1099-R for this? We did for the RMD we took from separate IRA.
You need to ask if the Money Market Fund is a retirement account. If it is, then yes, you should have received a 1099 R for the distribution. If it is not a retirement account, you may have investment income to report, (dividends, interest and/or capital gains), but the distribution itself is not included in your return.
If it is not a retirement account, you do not have to take a required minimum distribution.
If it is not a retirement account, you do not have to take a required minimum distribution.
June 4, 2019
1:29 PM
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We took a RMD from an inherited Money Market Fund and have not received a 1099-R. Are we supposed to file a 1099-R for this? We did for the RMD we took from separate IRA.
You need to ask if the Money Market Fund is a retirement account. If it is, then yes, you should have received a 1099 R for the distribution. If it is not a retirement account, you may have investment income to report, (dividends, interest and/or capital gains), but the distribution itself is not included in your return.
If it is not a retirement account, you do not have to take a required minimum distribution.
If it is not a retirement account, you do not have to take a required minimum distribution.
June 4, 2019
1:29 PM
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