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February 20, 2025
Question

turbotax keeps asking me about rmd but I am 87 years old and I did satisfy my rmd when I was 72.

  • February 20, 2025
  • 2 replies
  • 0 views
why doesn't turbotax ask if I have already satisfied my rmd ?

    2 replies

    VolvoGirl
    Employee
    February 20, 2025

    Do you have any retirement accounts?   Did you get any 1099R forms?  You have to take the RMD each year when you turned 72 and after.  Have you been taking them?


    Do you get a pension?  Say yes.  Anything your pension pays you is considered to be the  RMD.  Traditional pensions automatically fulfill the rules of an RMD.

     

    ronliz3Author
    February 20, 2025

    Yes, I did have a different retirement program with TIAA – CREF and when I turned 72 years old I did satisfy the RMD requirements. TurboTax does not ask me about satisfying RMD and keeps going in circles trying to find out if any of those companies "none Of these plans failed to withdraw the RMD".  This is a double negative and means that all of these plans did withdraw RMD which doesn't make sense!

    ronliz3Author
    February 20, 2025

    Dear Volvo girl, You are not correct when you said any payment a retirement program makes to me is an RMD.

    You need to read up on required minimal distribution.

    VolvoGirl
    Employee
    February 20, 2025

    I’m sorry I don’t quite understand what you are saying.  I’ll page someone for more help. @dmertz