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chernico
New Member

RMD from multiple accounts

I have completed my tax return and want to file but there is a problem with reporting my RMD on your form.

I have two traditional IRA accounts but I have the RMD for both accounts taken out of one account.

My 1099 shows the entire amount I have withdrawn which covers both accounts, but I keep getting an error message to resolve the issue, but there is no solution offered, just an explanation that someone is working on it to resolve the problem. This has been a few days now and I want to file my return. Should I just over ride the program or ignore the error message. This does not seem to be a complicated problem as I have more than taken the required RMD amount.

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1 Reply
JohnB5677
Employee Tax Expert

RMD from multiple accounts

You should post the combined total required RMD. 

Post each 1099-R separately,  

 

Follow the interview carefully.

  • When you are asked "Let's get more information about your Required Minimum Distribution (RMD)."
  • Record the TOTAL RMD required for all accounts.

As you go through the interview 

  1. You will then get a follow-up question
  2. Just a few more details about your RMD
  3. Answer
  4. Yes, I took out the entire remaining amount during the correction window

 

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