How do I enter RMD information into TurboTax? How do I show that I took distributions greater than my RMD?

Forum|Forum|1 year ago
June 26, 2024
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I have not yet hit age 73, so I am not subject to RMD yet. When I am, how do I enter RMD info into TurboTax? How do I show that this year's distributions exceed RMD requirement?

Ask the Experts - Retirement II - June 2024

xmasbaby0

Employee

Money you take out of a retirement account is reported on a 1099R which you will receive (or import) in late January/mid-February for your tax return. You simply enter the 1099R into the tax software and then answer a question in the software as to whether the distribution was an RMD.

To enter your retirement income, Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**