1st Year RMD reporting for withdrawals made before April 1

Forum|Forum|1 year ago
March 1, 2025
1 reply
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I turned 73 in 2024 and therefore was required to take the 2024 RMD by April 1 2025. I purposely took the full amount of the 2024 RMD in November of 2024, so that I didn’t have to take the RMD for 2024 and the RMD for 2025 in the same tax year. I received a 1099-R for the amount taken in 2024. My question is when reporting the RMD in Turbo Tax it is asking me the following: “We need to know the amount that was required to be distributed by December 31, 2024.” It then goes on to say “Do not include the RMDs which are due on April 1st.” Should the answer be $0 or the amount of the distribution that I took in November?

Best answer by DianeW777

Yes, the answer should be zero.

In TurboTax Desktop you should enter $0 for the page you reference - Do not include the RMDs which are due on April 1st.” Should the answer be $0 or the amount of the distribution that I took in November? Yes

See the image below.

DianeW777Answer

Yes, the answer should be zero.

See the image below.

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tj-21

Employee

I posted this same question in another topic/question, and was told to report it in this box.

If we put zero in this box, does turbo tax not tax it??

It seems like Turbo Tax is messed up this year in regards to RMD's and the questions.

Thank you

tj-21

Employee

One additional comment, if you don't report it this year, and not pay tax on it, we'll be paying tax on 2 distributions for 2025. Please advise how turbo tax is handling this in the background.

Thank you