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S
srusselldaily
April 1, 2025
Question

your soft ware does not credit me with rmd saying I did not take it which I did

  • April 1, 2025
  • 1 reply
  • 0 views
why isn't distribution applied?

    1 reply

    M
    MinhT1
    April 1, 2025

    If you are sure that you have satisfied all RMD requirements, then in TurboTax, on each form 1099-R for RMD withdrawals, answer that The entire distribution was an RMD then on the following page, to the question What is the RMD for your account? enter the amount of the distribution from that IRA account.

     

    By doing this, you are telling TurboTax that all RMDs are satisfied and TurboTax will not calculate any penalty. The information you entered in TurboTax is to enable TurboTax to calculate any penalty where applicable, and is not reported to the IRS.

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