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I am still employed full time and over 70. My wife is retired and gets a distribution from a 401 K (RMD). Can we invest this in an IRA and take a tax deduction? RC

rchsail
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itonewbie
Level 15

No, RMD is the same for both IRA and 401(k).

This is a forum for tax professionals only.  For consumer questions, please visit the Turbo Tax Community instead: https://ttlc.intuit.com/browse/welcome-to-the-community

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Still an AllStar

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itonewbie
Level 15

No, RMD is the same for both IRA and 401(k).

This is a forum for tax professionals only.  For consumer questions, please visit the Turbo Tax Community instead: https://ttlc.intuit.com/browse/welcome-to-the-community

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Still an AllStar
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