dmertz
Level 15

Retirement tax questions

I don't understand either.  As long as you continue to have qualified retirement accounts, RMDs (required minimum distributions) have been required to have been distributed every year since the year you reached age 70½, including 2024.  Failure to take these required distributions results in penalties.

 

Changes to the tax code for 2024 and beyond have required TurboTax to ask additional questions regarding whether or not you have completed your RMDs for the year.