Inherited IRAs - Should I claim RMDs plus capital gains once, together, as income?

surcuyo
surcuyo Member Posts: 4 Newcomer
edited December 26 in Live Q/A Event

Should I claim RMDs plus capital gains once, together, as income?

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  • Kinsley
    Kinsley FreeTaxUSA Agent Posts: 6

    Hello Surcuyo,

    Yes, you will claim your RMD and the gains on that distribution as one entry in the software. Generally, the administrator of your account will issue one 1099-R for your RMD. This 1099-R will include the distribution and any gains in box 1. Any gains on the distribution will be taxed the same as the rest of the distribution.

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