ReneV4
Employee Tax Expert

Retirement tax questions

In TurboTax, to report that you missed your RMD, but took a corrective distribution, do the following:

 

  1. Return to your 1099-R entries by clicking Review to the right of IRA, 401(k), Pension Plan Withdrawals (1099-R) in the Federal Income section
  2. Click on the pencil to the right of the 1099-R (or add if you have not yet added your Form 1099-R)
  3. Click Continue through the entries you've made, Continue, answering through next screens
  4. When you reach, "Let's get more information about your Required Minimum Distribution (RMD), enter the amount of your RMD that was due by December 31, 2025 (but did not take), Continue
  5. On the next screen, "How much of this distribution applied to your December 31, 2025 RMD?"
  6. Select "None of this distribution applied...", Continue
  7. Next, you will be asked, "Did you take out the remaining $189 during the correction window?", Select, "No, I did not", Continue
  8. When you reach, "Review your 1099-R summaryContinue (not the pencil)
  9. When you reach, "Let's go over any required minimum distributions (RMD), Select the pencil
  10. Next, you will see, "Did you miss taking the...RMD...?", Select Yes, Continue
  11. Enter the amount of the RMD (that you should have taken) when you reach, "Tell us the Total RMD...", Continue
  12. Select "Yes", when asked, "Did you take a corrective distribution...?", Continue
  13. Do you want to request a waiver, select, "Yes", Continue
  14. Next, enter the amount of your RMD for which you are requesting the waiver, Continue
  15. Next, enter an explanationContinue
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