Dear Opus17 - Thanks for your fine reply! I should get my Mac version of TurboTax for 2025 by Nov 2025 (but often it's not really "ready" for IRA and annuity payments until Feb the following year…). What I did is use the 2024 version as though it was going to be for the 2025 tax year and changed my birthdate to show me as age 74. I got the RMD questions -- and basically it seemed to work. Example: For 2025 I have an RMD (not real figures) of $30,000 for my standard IRA. I calculate my RMD but the IRA company does NOT issue a form 5498 - And I find that a bit strange as how else can the IRS know my 31 Dec xxxx IRA balance……?? A 1099-R does NOT provide that information). I also have 3 annuities (3 different annuity providers who each send me form 5498 - got them already by 1 June 2025). OK so for Secure Act 2.0 I calculate and I see that Annuity A had and RMD of $2000 but actually paid me $4,000. Annuity B had an RMD of $3,000 but actually paid me $5,000 and Annuity C had an RMD of $6,000 but actually paid me $9,000. So from these 3 annuities I have an amount to offset my IRA RMD: Offset $ = ($4k-$2k) + ($5k-$3k) + $9K-$6k) = $7,000 of offset against the $30,000 RMD in my IRA. So I declare having withdrawn $23,000 from my standard IRA (which I of course will do in 2025) and TurboTax didn't have any issue with that. /// Again, thanks for your reply and if you or others have any other comments, I'd appreciate receiving them. Steve on Tuesday 15 July 2025.
