marko
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 16, 2011
- Messages
- 8,518
Apologies in advance as I suspect this has been answered before.
Getting close to RMD time for me. I know it is reported on the 1099-R but how is it distinguished from a regular IRA withdrawal?
IOW, if my normal withdrawals exceed my required RMD, how does it show that portion as an RMD withdrawal? Or if I had never taken a withdrawal from my IRA and then do to satisfy the RMD, how is that flagged as specific to the RMD?
Or...does the IRS just need to know that I've withdrawn the amount--or more-- with no flagging required?
Getting close to RMD time for me. I know it is reported on the 1099-R but how is it distinguished from a regular IRA withdrawal?
IOW, if my normal withdrawals exceed my required RMD, how does it show that portion as an RMD withdrawal? Or if I had never taken a withdrawal from my IRA and then do to satisfy the RMD, how is that flagged as specific to the RMD?
Or...does the IRS just need to know that I've withdrawn the amount--or more-- with no flagging required?