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Retirement tax questions
I have the same question. I turned 73 in 2025 and took the required RMD in 2025. I could have waited until April 1, 2026 to take my 2025 RMD. I am not sure what to put in this RMD box in TurboTax on this page: "Let's get more information about your Required Minimum Distribution (RMD)." If I put in the full RMD taken in 2025, my tax liability went unexpectedly way up. If I put in zero, the tax liability is what I expected. TurboTax info is very confusing. It stated that "Do not include RMDs which are due on April 1. RMDs for the first year you're required to take a distribution are generally due on April 1."
Which number do I put on this page: "Let's get more information about your Required Minimum Distribution (RMD)"?
3 weeks ago