krwoodard2012
Returning Member

1099 R

Should zeros be put in the 1099 R form when the RMD for 2020 was not taken?

Retirement tax questions

No.  You enter the Form 1099-R as received.

In the follow up screens after the 1099-R entry you will be asked about an RMD.  

krwoodard2012
Returning Member

Retirement tax questions

Thank you for your response.  I failed to say that I took No distribution in 2020, so I have not received a 1099-R.  I'm wondering what to do about the forms in Turbo Tax as I will have to take a RMD next year.

Retirement tax questions

Just delete the 1099-R if no 2020 distribution.    Enter it again next year.

**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.**

View solution in original post