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January 25, 2025
Question

TT does not group 1099-Rs to get total distribution to satisfy RMD requirement

  • January 25, 2025
  • 1 reply
  • 0 views

I have 3 IRAs with different distributions from each. Turbo tax is trying to give me help filling out a waiver because the first of the 3 1099-Rs was for a small amount. The other 2 distribution more than cover the total RMD required. How do I get TT to understand that it is the total amount of distributions, not each one individually that the IRS wants you to meet.

    1 reply

    VolvoGirl
    Employee
    January 25, 2025

    For the RMD questions just enter the amount that’s on that one 1099R box 1 not the total RMD.  It’s asking for each 1099R this year.   

    January 25, 2025

    To be sure I understand correctly: F

    or each 1099-R when it asks for what the RMD is for 2024 I should calculate what it is for just that distribution and then do the same for each other 1099-R?

    VolvoGirl
    Employee
    January 25, 2025

    Yes but you don’t need to calculate it.  Just enter the same amount that’s in box 1.