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April 21, 2023
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RMD - First year RMD received in two tax years

  • April 21, 2023
  • 1 reply
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I have received multiple RMD payments.  How to input into Turbo tax when the first year RMD's are paid in both 2022 and in Feb 2023.

    Best answer by fanfare

    enter on your 2022 return the amount you took out in 2022

    and on your 2023 return the amount you took out in 2023.

     

    @Russ1950 

     

    You have to tell 2022 TurboTax that you took all your RMD.

    1 reply

    fanfare
    fanfareAnswer
    Employee
    April 23, 2023

    enter on your 2022 return the amount you took out in 2022

    and on your 2023 return the amount you took out in 2023.

     

    @Russ1950 

     

    You have to tell 2022 TurboTax that you took all your RMD.

    Russ1950Author
    April 24, 2023

    Thank you for the response.  

    How would you answer the Turbo Tax question:

      I received all the RMD for 2022

      I did not receive all the RMD for 2022

      I was not required to take RMD for 2022