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January 22, 2025
Question

I did not identify my withdrawal as an RMD. I am on a page which asks for a few more details about your RMD. Where can I identify this as a witdrawal?

  • January 22, 2025
  • 2 replies
  • 0 views
I meant to say Distribution rather than withdrawal

    2 replies

    fanfare
    Employee
    January 22, 2025

    by law, your first calendar year withdrawal(s) must be considered RMD, and satisfy either partially or totally.

     

     

    January 24, 2025

    If you took a distribution from your IRA and received a 1099-R to report it, TurboTax will ask if any or all of this distribution was RMD. 

     

    If so, you are then asked for your RMD amount.

     

    All 1099-R's are for reporting distributions from Retirement Accounts, so there is no need for TurboTax to ask whether this was a distribution.

     

    Here's more info on Form 1099-R and RMD's. 

     

    @damilla