MaryK4
Expert Alumni

Retirement tax questions

You do not have to enter any 1099-R information- based on your birthdate, TurboTax will ask you if you took your RMD.  When you say No, it will give advice and suggestions then ask you for the amounts your broker gave you to create the form and adds the penalty to your tax bill.  Because you did not take the money out, you do not pay tax on it yet, just the penalty.

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