Skip to main content
February 13, 2025
Question

where do I enter info about my RMD?

  • February 13, 2025
  • 2 replies
  • 0 views
Where do I enter the taxes I paid when I took out RMD?

    2 replies

    VolvoGirl
    Employee
    February 13, 2025

    You enter the withholding in box 4 when you enter the 1099R.  It’s there, I guess it’s easy to miss.  

    Enter a 1099R under
    Federal Taxes
    Wages & Income
    Then scroll way down to Retirement Plans and Social Security
    Then IRA, 401(k), Pension Plan Withdrawals (1099-R) – Click Start

     

    You didn't actually pay the tax.  You had taxes withheld like from your paycheck. You still have to enter the 1099R and whole gross original amount (before taxes were withheld) with your other income to figure out the total tax (and it may put you into a higher tax bracket) and then the withholding is subtracted from the total tax to figure your refund or tax due.  The gross amount shows up,on 1040 line 4a or 5a and the taxable amount on 4b/5b. The withholding will show up on 1040 line 25b.



     

    Employee
    February 13, 2025

    You should have form 1099-R documenting your withdrawal and containing the amount of tax withheld. Enter that when you report that form.