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June 1, 2019
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Is there a form that must be returned to the IRS after turning 70 1/2 documenting an IRA RMD?

  • June 1, 2019
  • 1 reply
  • 5 views
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No form needs to be mailed to the IRS, but:

If you took an RMD in 2016, that would be reported on a 1099-R which should be entered into TurboTax here:

Federal Taxes >  Income & Expenses

Scroll down to Retirement Plans and Social Security and click Show More (if necessary)

Click Start next to IRA, 401(k), Pension Plan Withdrawals (1099-R)

Answer Yes to the RMD question

Your RMD will then be reported to the IRS.

1 reply

Answer
June 1, 2019

No form needs to be mailed to the IRS, but:

If you took an RMD in 2016, that would be reported on a 1099-R which should be entered into TurboTax here:

Federal Taxes >  Income & Expenses

Scroll down to Retirement Plans and Social Security and click Show More (if necessary)

Click Start next to IRA, 401(k), Pension Plan Withdrawals (1099-R)

Answer Yes to the RMD question

Your RMD will then be reported to the IRS.