Reporting Prior Year RMD

[user17744826387]

I turned 73 in 2025, but forgot to take the year end 2024 RMD during 2025.  I will take it before April 1 2026, but don't understand the Turbo Tax instruction to NOT list RMD due April 1.  By taking the RMD in 2026, I will not get the official 1099R until 2027.

[VolvoGirl]

Since you don't have a 1099R for 2025 just ignore any RMD screens.  Be sure to also take your 2026 RMD by Dec 31.   So you will have 2 RMDs to report.  Probably on the same 1099R next year.  

[user17744826387]

I actually took the 2026 RMD already (in multiple accounts to get it out of the way).  I have another 2025 RMDs that was taken in 2025 (with its 1099R) so I am listing it.  But I don't understand the Turbo Tax instruction to NOT report RMDs due April (which would be the missed 2025 RMD that I can still take without penalty).  Schwab confirms that the 1099R I will receive in 2027 would include the total of 2024 and 2025 RMDs. 

So if I don't report the 2024 RMD (taken now before April 1) via creating a substitute 1099R, that 2027 1099R will imply I took it late and trigger a penalty.  That said, if I enter the 'under-the-wire' 2024 RMD on 2025 return and pay the tax, when the IRS gets the official 1099R in 2027 and I only pay tax on the 2025 RMD, it will look like I am not paying the full amount they think is due.

[VolvoGirl · Accepted solution]

It's ok.  Don't enter a fake 1099R for 2025.  Just say you didn't have a RMD requirement for 2025, becuause you don't.  It's not due until April 2026.  The instructions say to NOT report it.  

[user17744826387]

OK Thanks.  That is what the instruction says, but I wish there was more clarification to be found for that instruction.  So, when preparing the 2026 return, it doesn't appear that I need to clarify the breakdown of the 1099R amount because it is truthfully the amount due for 2026.