MaryK4
Expert Alumni

Retirement tax questions

For most traditional accounts, the entire gross RMD is fully taxable, so seeing the same number is normal.  TurboTax requires you to enter the data exactly as it appears on the Form 1099-R you received from your financial institution. Box 1 is the gross distribution.  If you have basis from non-deductible contributions, TurboTax will ask subsequent questions to calculate the nontaxable portion and lower the final taxable amount.

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