Yes. TurboTax supports form 5329 (I am assuming this is the form you mean) which is the form used when you fail to take the required RMD.
To do this in TurboTax select the following:
- Federal
- Income
- Retirement
- 1099-R
- Enter the 1099-R. Depending on which code you have in box 7 will determine how the rest of your questions go.
- You may be asked if this is an inherited IRA depending on the code or for when they were born.
- Answering the rest of the questions will generate form 5329.
How Does an Inherited IRA Work?
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