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Retirement tax questions
Yes, RMD were waived in 2020. If you did not take RMD and did not get any 1099-R then you will have to delete the 1099-R information from your 2020 return. Also, when TurboTax asks indicate that you were not required to take RMD.
- Login to your TurboTax Account
- Click on the Search box on the top and type “1099-R”
- Click on “Jump to 1099-R” and you should see the “Review your 1099-R info” screen
- Click on the "trash icon" to delete the 1099-R information.
You will not have to enter the value of your IRS on the tax return if you didn't take any distribution.
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February 21, 2021
9:32 AM