DavidD66
Expert Alumni

Retirement tax questions

You should have been asked about RMD during the Form 1099-R entry.  Return to the IRA, 401(k), and pension withdrawals and Review your 1099-R entry.  

 

  • Verify that all boxes are entered correctly, and Code 4 is in Box 7
  • On the page with "Do any of these situations apply to you?" Indicate you inherited the IRA.
  • Next page/question is "Who did you inherit this IRA from?"  Indicate "Someone else who passed away"
  • Answer question about nondeductible contributions and Continue
  •  Indicate When your mother was born and Continue
  • The next page should ask you about your Required Minimum Distribution (RMD)
  • Enter the amount that is RMD and Continue
  • Indicate that the entire distribution applied to 2024 RMD (if it did)
  • That should finish your 1099-R entry

 

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