Entering RMD Information from multiple accounts

[Ric244]

I have 3 IRA retirement accounts but satisfy the RMD requirements for all 3 from just 2 of them, hence no 1099-R from the 3rd account. How should I enter the RMD information to TT2024 to reflect the total RMD for all accounts?  

[MinhT1]

An IRA owner must calculate the RMD separately for each IRA that he or she owns, but can withdraw the total amount from one or more of the IRAs. 

If you are sure that you have satisfied all RMD requirements, then in TurboTax, on each form 1099-R for RMD withdrawals, answer that The entire distribution was an RMD then on the following page, to the question What is the RMD for your account? enter the amount of the distribution from that IRA account.

By doing this, you are telling TurboTax that all RMDs are satisfied and TurboTax will not calculate any penalty. The information you entered in TurboTax is to enable TurboTax to calculate any penalty where applicable, and is not reported to the IRS.

Similarly, a 403(b) contract owner must calculate the RMD separately for each 403(b) contract that he or she owns, but can take the total amount from one or more of the 403(b) contracts.

However, RMDs required from other types of retirement plans, such as 401(k) and 457(b) plans have to be taken separately from each of those plan accounts.

Please read this IRS FAQ for more information.

[Mike9241]

i checked with my desktop deluxe. it seems if you leave the RMD questions unanswered nothing bad happens except Turbotax will point out you need to take your RMDs.  you can still e-file, as  I have in the past without entering the RMD info. the IRS will compare the amounts on the 1040 to the 5498s it gets to check that you took your Rmds. more showing if you took more is ok. less is not.