DanaB27
Expert Alumni

Retirement tax questions

Please follow these steps to enter your basis for the RMD distribution:

  1. Login to your TurboTax Account 
  2. Click on "Search" on the top right and type “1099-R”
  3. Click on “Jump to 1099-R”
  4. Click "Continue" and enter the information from your 1099-R
  5. Continue through the questions
  6. On the "Your 1099-R Entries" screen click "continue"
  7. Answer "yes" to "Any nondeductible Contribution to your IRA?"
  8. Answer the questions about the basis and value.

 

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