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February 15, 2025
Question

form 5329, not taking required RMD

  • February 15, 2025
  • 1 reply
  • 0 views

I did not take all my RMD from IRA in 2024.  I entered the amount of RMD taken and the amount I should have taken in TurboTax online.   

 

TT provides this in response to my entries.  So I do I file.  What is TT waiting for:   

 

Forms 1099-R Summary: RMD total not distributed - We are hard at work on some updates related to your situation. In the meantime, you can keep working on other parts of your tax return. Please check back here later.

    1 reply

    February 21, 2025

    Since you didn't take all of your RMD for 2024 you will have to fill out Form 5329. Please take the rest of your RMD as soon as possible. The RMD section has been updated, please go back to the retirement section and review your answers.

     

    1. Click on "Search" on the top right and type “1099-R”  
    2. Click on “Jump to 1099-R”
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