DanaB27
Expert Alumni

Retirement tax questions

Please follow these steps in TurboTax Online:

 

  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” and enter your 1099-R
  4. Continue until "How much of the $XXXXX was a RMD?" screen and select "Only part of this distribution was a RMD" and enter the amount of RMD (since this distribution includes RMD for other IRA accounts you included the amount here)
  5. Enter the RMD amount for this account on the "Let's get more information about your Required Minimum Distribution (RMD)" screen ($0)
  6. On the "Review your 1099-R info" screen click "Continue"
  7. On the "Did You Miss a Required Distribution From Any Retirement Accounts?" screen select 
  8.  select "An IRA..."
  9. On the "Total RMD for all other IRAs" screen enter the RMD from your other IRAs (where you didn't take a distribution from).

 

If entered correctly, you shouldn't get the correction window question since you met the RMD for 2024.

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