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How do you post Rmd for an account you took larger distribution to cover requirements.

 
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LaShaunA3
Employee Tax Expert
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

How do you post Rmd for an account you took larger distribution to cover requirements.

If you took more than your Required Minimum Distribution (RMD), you don't report the RMD separately from the total distribution.

 

Report the full amount shown on Form 1099-R.

 

The IRS doesn't require you to break out the RMD portion versus the excess amount. Any amount withdrawn above the RMD is just an additional distribution and is taxed the same way. 

 

How do I enter a Required Minimum Distribution?

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1 Reply
LaShaunA3
Employee Tax Expert
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

How do you post Rmd for an account you took larger distribution to cover requirements.

If you took more than your Required Minimum Distribution (RMD), you don't report the RMD separately from the total distribution.

 

Report the full amount shown on Form 1099-R.

 

The IRS doesn't require you to break out the RMD portion versus the excess amount. Any amount withdrawn above the RMD is just an additional distribution and is taxed the same way. 

 

How do I enter a Required Minimum Distribution?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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