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Question

If 2024 is first year for your rmd and you are taking your first rmd in 2025, do you answer yes or no to the turbo-tax question about have you taken your 2024 rmd?

Forum|Forum|1 year ago
February 9, 2025
1 reply
0 views

How do you answer the turbo-tax question about your 2024 rmd if you are taking your first rmd in 2025 because 2024 was your first year for rmd?

Employee

If you didn't receive your RMD until after the end of the tax year, you would answer "No" to the RMD question.

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Employee

If you answer NO, TurboTax will penalize you.

for this reason, take the other option.