what does disaster distribution before 2024 have to do with my RMD from inherited IRA?

Forum|Forum|1 year ago
March 2, 2025
1 reply
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I took the required RMD, but the software is asking about disaster distribution and whether I missed a distribution. I answer "NO," but TurboTax identifies a possible penalty for not taking my required distribution.

DanaB27

The disaster distribution question is just a question that each user gets asked in the retirement section. Just answer no if it doesn't apply to you.

On the "Did You Miss a Required Distribution From Any Retirement Accounts?" screen select "None of these plans failed to withdraw the RMD" if you met all of your RMD for 2024.

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roberson-joannaAuthor

Thank you. I did select that "None of these plans failed to withdraw the RMD." However, Intuit's next screens suggested they didn't understand my "no" answer, and prompted me to fill in a waiver form to avoid penalties for NOT taking my RMD.

I deleted the 1099-R and re-entered manually, which seems to have corrected the issue. It was a very confusing loop.

ThomasM125

You were asked about the disaster distribution as it is possible take a disaster distribution from your retirement plan in some cases without tax or penalty if you paid it back within a certain number of years or included it in income over a certain number of years. If you had done that, it may impact the tax on your pension distribution in the current year.

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