There is nothing special about a RMD (other than it is a required distribution) and nothing about a RMD goes on a tax return. The 1099-R reporting the RMD distributions is entered just like any other 1099-R. TurboTax will ask if the RMD was taken just to be sure that you did not miss it and to disallow being able to roll it over.
The 1099-R amount will go in line 15 a/b on the 1040 form (line 11 a/b on 1040A) assuming a Traditional IRA. A RMD from a 401(k) plan goes on line 16 on 1040 or 12 on 1040A.
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.]
**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.**
