Retirement tax questions

Here are the exact steps on how to report this in TurboTax.

Step 1: Enter the Forms Individually

1. Open your return and go to Federal > Wages & Income.
2. Scroll down to Retirement Plans and Social Security and click Start or Revisit next to IRA, 401(k), Pension Plan Withdrawals (1099-R).
3. Choose to manually enter your 1099-R (or import them).
4. Repeat this for the other two 1099-R forms.

Step 2: The "RMD" Interview (The Important Part)

Once all three forms are entered and you click Continue, TurboTax will realize you are of RMD age (73 or older) and will trigger a specific "Required Minimum Distribution" interview.

1. "Did you inherit this IRA?": Answer No (unless applicable).
2. "What did you do with the money?": Select "I did something else with it (cashed out, etc.)". Do not select rollover, as RMDs cannot be rolled over.
3. "Let’s see if you took your full RMD": TurboTax will ask if the distribution you just entered was a Required Minimum Distribution.
4. Select "Yes, this withdrawal was an RMD."
5. It will then ask: "Was all of this money an RMD?"
6. Select "All of this money was an RMD."
7. Repeat for each 1099-R: TurboTax will cycle through these questions for each of the three forms you entered.

Step 3: Final Verification

After you finish the screens for all three forms, TurboTax will often show a summary screen. It may ask one final catch-all question: "Did you miss a required distribution from any retirement accounts?" Since your total withdrawals ($55,363.09) met your total requirement, select No.

Why this works:

TurboTax takes your answers from these screens to ensure that Form 5329 (the "penalty form") is not triggered. By telling the software "All of this money was an RMD," you are internally tagging that income to satisfy the IRS RMD requirement.

@Army1942