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February 11, 2025
Question

I have met my total RMD but only took out of 2 of 5 individual accounts. How do I list this ?

  • February 11, 2025
  • 1 reply
  • 0 views
Can I just split the numbers between the 2 accounts I took distributions from? If so how do I answer the TT questions?

    1 reply

    VolvoGirl
    Employee
    February 11, 2025

    Turbo Tax changed this year. When it asks about the RMD it is only asking for that one 1099R you are entering.  On each 1099R you need to say Yes it was the RMD and only enter the amount from box 1 on that single 1099R for the RMD, not the total RMD for all and even if it is more or less than the total.