Where on 1040 for 2017 is my RMD entered? I searched the tax return by my RMD amount and didn't see it anywhere. On which line of the tax return it appears? TY!!!

[macuser_22]

You do  not need a substitute 1099-R, just enter the 1099-R exactally as it is twice with the box 1 & 2a the amount of the RMD and answer the interview questions that it was NOT rolled to the spouses IRA and it was all a RMD.  Enter the 2nd 1099-R exactally the same but the box 1 and 2a the amount of rollover and answer the interview that it was rolled to the spouses IRA.   The 2 box 1's  and 2a's should be the total or the original 1099-R.   

As long as there was no withholding in box 4 then nothing about the 1099-R's will be sent to the IRS.  If there was box 4 withholding then it should be on the 1st 1099-R for the RMD that is taxable.

[dmertz]

Even though there is tax withholding in box 4, you'll still need to split the Form 1099-R.  All of the tax withholding goes on the split Form 1099-R that you make for the portion that was RMD.  If you e-file, your filing would have in it only the details of the split Form 1099-R for the RMD and not the one for the split for the portion rolled over, so I suggest mailing your tax return and attaching Copy B of your paper Form 1099-R.  That way the IRS will be unaware that you had to split the Form 1099-R to accommodate TurboTax's inability to handle this situation directly.

[bts]

Splitting the 1099-R worked perfectly. I've added a note to document how & why this was done, but the end result is that the RMD and rollover portions of the distribution look exactly like they should. Thank you for the advice!

[QI571a]

My mortgage loan officer needs a copy of my 2017 tax return.  Obviously that will not happen here.  

[QI571a]

My value is empty because I need a copy of my 2017 tax return and obviously it won't happen here.

[QI571a]

why

[DoninGA]

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@QI571a wrote:

My mortgage loan officer needs a copy of my 2017 tax return.  Obviously that will not happen here.  

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To access your current or prior year tax returns sign onto the TurboTax website with the userID you used to create the account - https://myturbotax.intuit.com/

Scroll down to the bottom of the screen and on the section Your tax returns & documents click on Show.  Click on the Year and Click on Download/print return (PDF)

See this TurboTax support FAQ for accessing prior year online tax returns - https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/01/270...

If you used the desktop CD/Download editions installed on your computer, the only copy of your tax data file and any PDF's will be on the computer where the return was created.  TurboTax does not store online any returns completed using the desktop editions.

Or go to this IRS website for free federal tax return transcripts - https://www.irs.gov/individuals/get-transcript

For a fee of $50 you can get a complete federal tax return from the IRS by completing Form 4506 - http://www.irs.gov/pub/irs-pdf/f4506.pdf

[AkinaLO]

Are you having issues accessing your 2017 return? Please follow the instructions below to access your prior year return.

How do I access a prior year return? - Community

You can also order a tax transcript online or by mail. 

tax return transcript 

[roberto8]

Where the fock does it ask that ??  I cannot even put in an imported Vanguard mutual fund that it is from a 401 retirement account, I am 77, and that all is for my required RMD (actually another account completes the required RMD), and ALL OF THE RMD IS QCD'S.

[xmasbaby0]

@roberto8 You have posted to a really old thread.  Do you really want to ask about something regarding a 2017 tax return--which is what this thread is about?  Or are you asking about your current 2019 tax return?

If you are really asking about a 2017 return, you cannot import 2017 data from a financial institution.  You can only import data for 2019 now.

Clarify what you are asking about so we know how to help you.

[roberto8]

 Obviously the import was 2019.  This means turbotax has not resolved this issue for 2 years.  How do I determine the $21M is not in my personal income? 

[macuser_22]

There was nothing to resolve 2 years ago and nothing to resolve now.    Exactly what problem are you having?

You mentioned a QCD.   If your age is 70 1/2 or more and you enter a 1099-R that has the IRA/SEP/SIMPLE box checked then TurboTax will ask if there is a QCD, there has never been any issue with that.

Qualified charitable distributions.

A qualified charitable distribution (QCD) generally is a nontaxable distribution made directly by the trustee of your IRA (other than a SEP or SIMPLE IRA) to an organization eligible to receive tax-deductible contributions. You must be at least age 70½ when the distribution was made. Also, you must have the same type of acknowledgment of your contribution that you would need to claim a deduction for a charitable contribution.

If you are 70 1/2 or older, the interview will ask if you took the RMD. After that it will ask if you make a charitable contribution. Answer yes and then enter the QCD amount.

The 1099-R box 1 amount will go in the 1040 form line 4b (taxable amount) minus the QCD amount and the total box 1 amount will go on line 4a with "QCD" next to it.

Enter a 1099-R here:

Federal Taxes,
Wages & Income
(I'll choose what I work on - if that screen comes up)
Retirement Plans & Social Security,
IRA, 401(k), Pension Plan Withdrawals (1099-R).

OR Use the "Tools" menu (if online version left side) and then "Search Topics" for "1099-R" which will take you to the same place.

Be sure to choose which spouse the 1099-R is for if this is a joint tax return.
Be sure to pick the correct 1099-R type: Standard 1099-R, CSA-1099-R, CSF-1099-R, RRB-1099-R.

[NOTE: When you get to the "Your 1099-R Entries" screen where you can add another 1099-R, use "continue" to keep going as there are additional interview questions after that screen in most cases. You can always return as shown above.]

[dmertz]

A distribution from a 401(k) cannot be a QCD.  QCDs can only be made from IRAs.

[louis10]

The RMD requirement was extended due to the pandemic. Congress passed extension last year. MY retirement provider has informed me that i will not need to do a RMD until 12/31/2021. You should update Turbo with this new law. 

[louis10]

I will be 72 years old in December 2021.