DanaB27
Expert Alumni

Retirement tax questions

RMDs were waived for 2020 and you must indicate to TurboTax that none of the distribution was RMD for it calculate correctly in TurboTax. If you have entered your 1099-R as RMD already then you must delete and reenter the 1099-R form. Only editing the 1099-R form and changing your answer to the RMD question will not work.

 

  1. Please continue until the question "Did you rollover all of this $xxxxx to another retirement account?"
  2. Select "No, you rolled over less than $xxxxx" and enter the amount returned.

 

You can review Form 1040 to see if it is entered correctly on line 4:

  1. Click on "Tax Tools" in the left menu
  2. Click "Tools"
  3. Click "View Tax Summary" in the Tool Center window
  4. Click on "Preview my 1040" on the left
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