Question

I did not take RMD this year. Do I need to file 1099-R, Covid 19

Forum|Forum|5 years ago
March 9, 2021
3 replies
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TurboTax Premier Online

S

SweetieJean

Employee

If you did not take any money out, there is nothing to report.

D

DanaB27

If you did not take a retirement distribution then you will not get a 1099-R and do not need to file a 1099-R. Please delete any 1099-R information that was carried over:

Login to your TurboTax Account
Click on "Search" on the top right and type “1099-R”
Click on “Jump to 1099-R”
Delete any 1099-R information that got carried over.

When TurboTax asks about the RMD answer none/ that you were not required to take any RMD.

RMDs were waived for 2020. The CARES Act provisions apply to most retirement plans, including traditional IRAs, SEP IRAs, SIMPLE IRAs, 401(k) plans, 403(b) plans, 457(b) plans, profit sharing plans and other defined contribution plans. The RMD suspension does not apply to qualified defined benefit plans.

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5

503-655-0876

I did NOT take RMD from two of my accounts, however I did take RMDs from the rest. Different companys.

Do I need to file a waver for 2020 on the RMDs not taken.

Thanks.

El P

S

sls50211

No. If you did not receive a 1099R, then no need to report anything. When asked what portion of distribution was RMD enter none. No RMD required for 2020. Make sure and check for 5329. You should not have an IRA penalty so if you do, delete the form.

Try reviewing your forms in TurboTax and deleting. While in your return in TurboTax: