RMD mistake

[fd402]

I filed our Fed and CA returns last week and both have been accepted. I had to pay the IRS and the state of CA.

Both my checks have cleared my bank.  My question is this:  Both my wife and I have traditional IRA's.  We both took out the appropriate minimum required funds per the RMD rules. However, in the section regarding income and the RMD's, I filled out mine properly, but when I filled out the RMD info for my wife's RMD I mistakenly checked the box that her RMD was mine.  We did receive a 2022 Form 10-99R for both our IRA RMD's in our correct names, so I imagine the IRS will see the error I made.  Would I need to file an amended return to make sure that the IRS is aware of this error of RMD ownership and that she is in compliance or am I overthinking this and need not worry about it? Since we filed as Married filing Jointly, and both RMD's were reported in the proper amounts our AGI will not be affected.  Thanks in advance!

[ThomasM125 · Accepted solution]

It is not likely the IRS will know what your RMD should be, so they will probably not adjust your tax return. Assuming you reported the distributions properly and paid the correct tax, it would probably not be necessary to amend your return. You just need to keep records to support what happend in the unlikey event of an audit.

[Mike9241]

most of that info on the RMDS in Turbotax doesn't even get sent to the iRS so you have nothing to worry about.  the IRS get copies of those 1099-Rs so they'll know an amount was for you and an amount was for your spouse.  nowhere on those 1099's is RMD indicated. in fact there is nowhere on a paper 1040 to indicate retirement distributions were RMDs. what the IRS does know is the value of the accounts at 12/31/2021. the trustee sends 5498s to the IRS and you reporting this. the IRS also knows your birthdates (from social security adm)  from that it can determine the required RMDs each year. A distribution from a qualifying account does not have to be designated as an RMD for it to be counted as an RMD