Retirement tax questions

Steps to include the RMD that should have been taken in 2025 (if you choose).  

1. Go to your Form 1099-R information in the Wages & Income section
2. Continue through adding the form and answering the questions, be sure to use Code 8 in box 7 
   1. You reach a screen 'Do any of these situations apply to you?' Select 'I need to file a substitute 1099-R' until you reach, 'Let's go over any required minimum distributions (RMD)'
3. Select Yes for, 'Let's check if you missed any required distributions'
4. Continue, then enter the total RMD that was due by December 31, 2025 when you reach, 'Tell us the total RMD for your other IRA accounts'
5. Select Yes when you reach, 'Did you take a corrective distribution for your IRA?', then Continue
6. Select Yes when you're asked, 'Do you want to request a waiver to reduce the penalty?', then Continue
7. Enter the RMD amount that you are requesting a waiver on (amount of your missed payment), then Continue
8. Write your explanation in the next section, then Continue
9. You will then reach, 'Nice job finishing your waiver', Continue

Note: After the first RMD, all subsequent years' RMDs are due by December 31 of each year. Keep a paper trail for your tax files and Form 5329 will be generated with your tax return to include your explanation and waiver request.