TurboTax can use the RMD from you to satisfy all of your RMDs. You will also be able to see the finished results, which I will explain below. And, no, you should not have to make any adjustments in Forms Mode to make your Form 1099-R entries.
To report each of your Form 1099-R distributions for your annuities and IRA, including the RMDs as you have indicated for each, do the following:
- Go to Wages & Income and enter the first annuity Form 1099-R (Gross distribution, etc.)
- Next, when you reach, "Let's get more information about your RMD", enter the amount including the total toward the RMD amount (e.g. $5,000 from above), Continue
- Next, select, The entire distribution applied to the December 31, 2025 RMD, Continue
- Do this with each of your annuities
- When entering your IRA, you would indicate that the $20,000 was the RMD, as well as the entire distribution.
- Next, in the Review your 1099-R summary, Continue (not the pencil)
- Continue answering the questions
- Next, when you see "Let's go over any required minimum distributions (RMD), select Continue (not the pencil)
Note: If you are asked, "Did you miss an RMD?", select "No".
By entering each distribution above, you will satisfy the RMD for your IRA as well as your annuities.
To confirm the entries, go to Forms Mode and check your Form 1040, Line 4a and 4b. You should see a $39,000 in total distributions, which is more than your RMD.
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