Taxes were paid to Switzerland from two different equities in this account. I did start taking an RMD from this account in 2018. Per my advisor Federal taxes and state taxes paid from this account on the RMD do not count towards the RMD so that is clear, but I think I should get a credit for the foreign taxes deducted from this account. Since it an IRA account no 1099-DIV was received, just a 1099-R for the RMD with Federal and state taxes listed.
You'll need to sign in or create an account to connect with an expert.
Unfortunately, what happens in your IRA stays in your IRA. The only thing that goes on your return is the 1099-R.
Unfortunately, what happens in your IRA stays in your IRA. The only thing that goes on your return is the 1099-R.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
lillie3smith-gma
New Member
tman2703
New Member
panman60
New Member
philjr78
New Member
Boomhauser
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.