Turned 70 in March, withdrew most of the RMD last year and reported on 1099R. How do I report the first-time 2018 RMD withdrawal without the 1099-R in Turbotax?

jlselzer · ‎June 6, 2019

IRS says for first time, I have until April 1 2018 to make RMD withdrawal. The total required was 24,000. I withdrew 20,000 in 2017 that was reported on 1099R. The remaining 4,000 I withdrew Jan 1, 2918. How do I enter that amount in TurboTax without a 1099R?

MichaelDC · ‎June 6, 2019

How do I enter that amount in TurboTax without a 1099R? You don't. Since the total your first RMD isn't required until 4/1/18, you'll just report the $20,000 that was distributed in 2017 reported on your 1099-R. Since there was no RMD requirement for 2017, you fulfilled the requirement, if asked.

Your RMDs for 2018 and later years must be completed by year-end. You may have an RMD for 2018 of around $24,000 again, but that will be in addition to the $4,000 Jan 1, 2018 distribution. Please feel free to post any additional details or questions in the comment section.

View solution in original post

Turned 70 in March, withdrew most of the RMD last year and reported on 1099R. How do I report the first-time 2018 RMD withdrawal without the 1099-R in Turbotax?

Retirement tax questions