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February 17, 2021
Question

We did not have RMD's taken out this year., thus we have no 1099's so how do we fill out the requested boxes for the 1099 when we have no form?

  • February 17, 2021
  • 1 reply
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How do I show turbo  tax I  have no 1099 form for my investments since this yr. I elected not to have RMD,s taken out?

1 reply

February 17, 2021

Please delete all information of the 1099-R that got carried over. If TurboTax asks about a RMD select that you were not required to take a RMD/ none was RMD.

 

  1. Login to your TurboTax Account 
  2. Click on the Search box on the top and type “1099-R”
  3. Click on “Jump to 1099-R”
  4. Click on the "trash icon" to delete the entry.

 

Please see How do I view and delete forms in TurboTax Online? for additional information.

 

RMDs were waived for 2020. The CARES Act provisions apply to most retirement plans, including traditional IRAs, SEP IRAs, SIMPLE IRAs, 401(k) plans, 403(b) plans, 457(b) plans, profit sharing plans and other defined contribution plans. The RMD suspension does not apply to qualified defined benefit plans.

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