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Retirement tax questions
@hmchan17 wrote:
Both of my parents did not received RMD last year and their return is filing jointinly TurboTax asked for an amount of RMD for one parent and not another. Am I suppose to include the both RMD amounts under one parent
No. The RMD question only comes up if there is a 1099-R to enter for *that* spouse.
Are you saying that both spouses failed to take the 2019 RMD?
What was the 1099-R for the one spouse for?
Did you indicate that the 2019 RMD was not taken and was a 5329 penalty waiver created?
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
March 28, 2020
2:18 PM