MarilynG1
Expert Alumni

Retirement tax questions

The IRS allows you to take your RMD from one account or across several; they don't know what your RMD should be (nor does TurboTax).  They expect that you and your plan administrator assure that you take it as required. 

 

You just need to get TurboTax to accept your entries and not generate a penalty. 

 

I would advise deleting/re-entering your 1099-R's.  When TurboTax asks if  'all or part was RMD'  the easiest approach is to say 'all' and then enter the full distribution amount as the 'RMD' amount.

 

If you're using TurboTax Online, clear your Cache and Cookies before returning to this section after deleting. 

 

Here's more info on IRS Requirements for RMD's.

 

@janicelehman 

@kaldrich62 

 

 

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