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Retirement tax questions
Contradicts the answer to a similar question: "I turned 70 1/2 in 2017 and plan to take my RMD by April 1 2018. I did take a portion of my RMD in 2017. How do I enter this in turbo tax?"
1 comment
Have you received a 1099-R?
SweetieJean a month ago
Default user avatars original
Asked by russt540
TurboTax Free Edition
a month ago
Options
RECOMMENDED ANSWER
Enter the 1099-R and answer the RMD question that you took ALL of the RMD in 2017. TurboTax cannot handle the part RMD for the first RMD being split to 2018. The only purpose of the question is to apply the penalty for not taking the RMD or to not allow rolling the RMD to another account.
1 comment
Have you received a 1099-R?
SweetieJean a month ago
Default user avatars original
Asked by russt540
TurboTax Free Edition
a month ago
Options
RECOMMENDED ANSWER
Enter the 1099-R and answer the RMD question that you took ALL of the RMD in 2017. TurboTax cannot handle the part RMD for the first RMD being split to 2018. The only purpose of the question is to apply the penalty for not taking the RMD or to not allow rolling the RMD to another account.
‎June 4, 2019
12:16 PM