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Retirement tax questions
Here is the text in TurboTax Deluxe with the instruction to NOT report a first time RMD in the year it is taken in the wages and income section. (My embolden and italics.)
Let's get more information about your Required Minimum Distribution (RMD).
If your VANGUARD FIDUCIARY TRUST account was subject to a Required Minimum Distribution (RMD) we need to know the amount that was required to be distributed by December 31, 2025 from this FIDUCIARY TRUST account.
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.
RMD due by Dec. 31, 2025
Note: Do not include the RMD for other retirement accounts you may have. RMDs for other accounts should be entered separately.
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11 hours ago