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February 1, 2021
Question

Do I select "met my rmd" if i didnt take full rmd due to covid relief or do i need to file for a waiver?

  • February 1, 2021
  • 1 reply
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Do I indicate i took all rmd if i only took partial rmd due to covid release?

1 reply

February 1, 2021

No, indicate to TurboTax that none of the distribution was RMD since RMDs were waived for 2020. If you already enter the 1099-R as RMD and changing your answer to the RMD question doesn't work then you have to delete and renter the 1099-R form. 

 

If you returned parts of your RMD then please follow these steps:

 

Please follow these steps to enter your 1099-R and RMD rollover:

  1. Login to your TurboTax Account 
  2. Click on the Search box on the top and type “1099-R”
  3. Click on “Jump to 1099-R”
  4. Continue until "How much was a RMD?" and select "none"
  5. Continue "Tell us if you moved the money through a rollover or conversion" and select "I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)"
  6. Continue answering the questions.
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