@PrivateGuy You will need to report the RMD you removed in 2025 on your 2025 tax return. Even though you aren't required to take any RMD until April 1 of the following year, you did the wise thing and took your 1st RMD in the year you turned 73. Your 1099-R for this withdrawal would get reported in TurboTax for 2025 and, if you took the full amount of your RMD (or more than your RMD), you will avoid the 25% penalty for not removing enough, If you had waited until April 1, 2026 to withdraw it, this would be your RMD for 2025 and you would then need to take another RMD for 2026 by December 31, 2026 to satisfy your RMD for this year. But you would then have also been required to report both RMDs on your 2026 return, potentially causing you to pay more in taxes than you would have by using your strategy of removing your 1st RMD in the year you turned 73.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
