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Minimum Required Distribution
I turned 701/2 in 2019. My MRD from my 401k for 2019 didn't process until Jan. of 2020 and i did not receive a 1099 R. How do I handle that in TurboTax?
March 28, 2020
2:56 PM
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Retirement tax questions
Just skip it. You have until April to take the first RMD. But you will have to take another RMD for 2020. So you will have to enter both on your return next year. That will increase your income so be prepared. At the end of 2020 you might get one 1099R for both or 2.
March 28, 2020
3:01 PM
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Retirement tax questions
RMDs for 2020 have been waived by the CARES Act signed into law yesterday.
March 28, 2020
7:11 PM