@rpcarltonsr wrote:
Okay there is a tab that says "Tell Us More About This Retirement Plan Distribution" and it seems to refer to all my plans. My options are I received all the RMD for 2019. I did not receive all the RMD for 2019 or I was not required to take an RMD for 2019. I turned 70.5 in June 2019 so I needed to take the RMD (an have done so as of February 24, 2020) no later than April 1, 2020. So since this is for 2019 RMD I'd like to know whether I'm supposed to say yes I did receive all or no I did not receive all.
If this is your first RMD and are deferring to Apr 1 of 2020 to take it all, then it is still a 2019 RMD, so answer yes, that you took all the 2019 RMD, otherwise TurboTax will add a5329 form for the penalty for not taking the 2019 RMD. Defering to 2020 does not make it a 2020 RMD - the 2020 RMD must also be taken before the end of 2020.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
