Retirement tax questions
if you missed an RMD, TurboTax will help you with filing the waiver. As you report your 1099R there'll be a series of questions asking about RMD's.
- First question asks what the RMD requirement was for 12/31/2024. You would list the amount that you were required to withdraw.
- Next question you will say none of the distribution was applied to the RMD.
- Next question asks if you took out the remaining distribution, say no.
- Now just continue through the screens. until you get to a screen that mentions requesting the waiver.
- Next screen will allow you to enter information that may reduce the penalty. This is what the screen looks like.
