Retirement tax questions

You must take your first required minimum distribution for the year in which you reach age 73. However, you can delay taking the first RMD until April 1 of the following year. If you reach age 73 in 2024, you must take your first RMD by April 1, 2025, and the second RMD by Dec. 31, 2025.   

If you didn't take your RMD, TurboTax will fill out Form 5329 for you and attach it to your tax return.  To do this, follow the steps below:

1. Sign in to your return - Continue in Wages & Income.
2. Search for 1099-R and use the Jump to link and answer the questions about disaster distributions.
3. On the Did You Miss a Required Distribution From Any Retirement Accounts? page, choose the type of account you have.
4. Continue through the questions about your RMD
5. We can help you file a waiver if you have a reasonable cause.