Question

How to treat nontaxable portion of rmd

Forum|Forum|4 years ago
January 31, 2022
1 reply
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part of my RMD is not taxable

TurboTax Premier Online

If a portion of your distribution is non-taxable because you made some after-tax contributions to your retirement account, that should be reflected on the 1099-R that you receive. Box 1 should contain the gross distribution while Box 2a should say the taxable amount of that distribution.

If the taxable amount not determined is checked, TurboTax will ask some follow-up questions in order to determine the taxable amount. In order to answer these, you will need to know about non-deductible contributions you have made if it is from an IRA.