Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Returning Member
posted Mar 5, 2021 3:58:58 PM

RMD

My question is my RMD for 2020 was $29,000 and after federal taxes the net was $26,100.00 but i reported $29,000 

did i do right 

0 2 948
2 Replies
Level 15
Mar 5, 2021 4:05:27 PM

Yes.  The tax withheld was part of the distribution and is taxable income reguardless of what you did with it.

Returning Member
Mar 9, 2021 4:47:49 PM

Yes and thank you Turbotax