MarilynG1
Expert Alumni

Retirement tax questions

The IRS does not know what your total required RMD is, nor the amount of required RMD for each account.

 

As long as you have withdrawn your total Required RMD for the year, the workaround suggested by @BobatINT is acceptable to complete your tax return, or a permutation if you withdrew a lot more than your required RMD. 

 

If you remember, this is the first year that TurboTax asks what your RMD amount is; previously it only asked if you withdrew your required RMD, yes or no. Your Plan Administrator is tasked with making sure you withdraw your required RMD from your account. 

 

Here's more on What is RMD? and IRS Requirements for RMD's, which states "the owner can make withdrawals from the account(s) of their choice as long as the total equals or exceeds the total annual requirement."

 

How to Contact TurboTax Support.  

 

@dan_in_MI 

@BobatINT 

@alfa60 

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