topic Re: MRD Death Benefit in Retirement tax questions

MRD Death Benefit

gsh0318 — Fri, 07 Mar 2025 01:55:58 GMT

Received a Distribution Statement and check in 2024 as beneficiary for deceased mother in law. How is that reported in Turbo Tax? No 1099 form received.

Re: MRD Death Benefit

DianeW777 — Tue, 11 Mar 2025 14:16:04 GMT

It depends. First check your statement to see if it indicates it's a 'substitute 1099-R. If not,, check with your plan administrator to request information as to why they did not issue a Form 1099-R to you. The fact you did not receive one could be an indicator it is not taxable to you. However if you are referring to a required minimum distribution (RMD vs MRD) then it would seem you have a taxable transaction.

The following articles may provide details to help as well.

Once you have your answer please add any additional questions here and we will help.

Re: MRD Death Benefit

fanfare — Tue, 11 Mar 2025 16:01:10 GMT

If the executor dispersed funds, you don't report that on your tax return.