No, you will report the distribution on your 2025 tax return. If you entered a Form 1099-R in 2024, you can go through that section and indicate that you didn't receive all of your required minimum distribution (RMD) and TurboTax will allow you to complete the Form 5329 and request a waiver of the penalty tax and it will be included in your tax filing.
If not, you can use the desktop version of TurboTax to generate the Form 5329 and request a waiver of the penalty tax as follows:
You can use the Tax Tools option on your left menu bar while you are working on your return to then bring up Tools, which will have an option to Save your return to your computer so you don't need to start your online return over in the desktop version of TurboTax.
In the desktop TurboTax product, use the Forms menu option to bring up Form 5329. Scroll down to Part IX, line 52 and enter your required minimum distribution amount. Enter the amount of any RMD you took in line 53. Use the Waiver of Tax Smart Worksheet below line 53 to enter the amount you want to exclude from tax, and click on the Explain box to enter an explanation of why you missed making the distribution. You won't have to pay the tax for not taking your RMD on your return, pending a determination from the IRS later on.
Your last resort would be to prepare and mail the Form 5329 separately, but the instructions to the form mention it should be included with your return if you are required to file one.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
