DanaB27
Expert Alumni

Retirement tax questions

Please follow these steps:

 

  1. Click on "Search" on the top right and type “1099-R”
  2. Click on “Jump to 1099-R” and enter your first 1099-R
  3. Enter the RMD amount for this account on the "Let's get more information about your Required Minimum Distribution (RMD)" screen
  4. Continue until "How much of this distribution applied to your December 31, 2024 RMD?" screen and select "The entire distribution was an RMD"  /or select "Only part of this distribution was a RMD" and enter the amount of RMD (if this distribution includes RMD for other IRA accounts then you included the amount here)
  5. On the "Here's your 1099-R info" screen add the next Form 1099-R and repeat RMD steps 
  6. Repeat until all Form 1099-Rs are entered then click "Continue" on the "Here's your 1099-R info" screen
  7. On the "Did You Miss a Required Distribution From Any Retirement Accounts?" screen select "An IRA..."
  8. On the "Total RMD for all other IRAs" screen enter the RMD from your other IRAs (IRA 4 and 5, where you didn't take a distribution from).

 

 

Please see Can an account owner just take a RMD from one account for additional information.

 

 

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