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January 31, 2025
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I have two IRAs and I take the RMD by adding both IRAs value and then determine the RMD. How do I report this on Turbo Tax?

  • January 31, 2025
  • 1 reply
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How can i lump my total value of my two IRAs and then compute the RMD?
    Best answer by VolvoGirl

    Turbo Tax changed this year. When it asks about the RMD it is only asking for that one 1099R. You need to enter the amount in box 1 on that 1099R for the RMD, not the total RMD for all.  

    1 reply

    VolvoGirl
    VolvoGirlAnswer
    Employee
    January 31, 2025

    Turbo Tax changed this year. When it asks about the RMD it is only asking for that one 1099R. You need to enter the amount in box 1 on that 1099R for the RMD, not the total RMD for all.