Please take the missed RMD as soon as possible. You can request a waiver of the penalty if you have reasonable cause in the follow-up questions after you entered all Form 1099-Rs. Please see Relief for Reasonable Cause for additional information.
- Click on "Search" on the top right and type “1099-R”
- Click on “Jump to 1099-R” and enter your 1099-R
- Enter the RMD amount for this account on the "Let's get more information about your Required Minimum Distribution (RMD)" screen
- 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)
- On the "Here's your 1099-R info" screen click "Continue"
- On the "Did You Miss a Required Distribution From Any Retirement Accounts?" screen select "An IRA..."
- On the "Total RMD for all other IRAs" screen enter enter the missing RMD amount
- TurboTax will walk you through the questions and give you the options to request a waiver.
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