Question

How do I answer the RMD question for 2020. My wife didn't get her RMD in 2019. She was told to request and did her 2019 RMD in January 2020. She didn't take her 2020.

Forum|Forum|5 years ago
February 15, 2021
1 reply
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We filled out the turbotax paperwork concerning my wife's 2019 RMD when we filed our 2019 taxes.
However, wells fargo suggested she take her 2019 RMD in January 2020. She did that. She has a 1099R showing the RMD. How do I handle this when filing out 2020 in turbo tax?

TurboTax Online

N

npierson777

Enter it like any other 1099-R. As long as the amount of the distribution is at least the RMD amount, you don't have to do anything special. After you finish entering the 1099-R, continue through the TurboTax screens. You will come to a screen that asks you if the distribution was an RMD.

To enter a Form 1099-R in TurboTax Online, click the Search button at the top and enter Form1099-R in the search box. Then click the link that says Jump

Enter the information into TurboTax exactly as it appears on the 1099-R. If a box on the 1099-R is blank, leave it blank in TurboTax; don't enter zero. After you enter the 1099-R TurboTax will ask you a number of questions. Read the questions carefully and be sure to answer them accurately.

G

Guinness1759Author

npierson7,

I did inter the information as you said, like any other 1099R. I went thru the question and answered "No" to the question that read (paraphrased) "Is this the RMD for 2020?" Somewhere in that question box it said that it would provide another sheet. I continued thru the questions and answered them.

However, I must ask does this, does this sheet show up somewhere else or by answering the questions accurately did that negate the requirement for this sheet?

By the way, thank you for the quick response. I stepped away blow snow here in Illinois.