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mikeo0
New Member

1099r RMD ISSUE

brokerage acct 1099r for RMD, gross 50k. taxable amt50k, box2b taxable amount is checked, fed tax 5k, Indiana state tax 1k. box 16 state distribution is empty. So when I keyed all this into TT and error occurs.... 16 state distribution cannot be less than state tax withheld ..........i did donate 30k through my brokerage acct to no profits. what is the proper amt I should input into TT box 16? thank you
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1 Reply
MinhT1
Expert Alumni

1099r RMD ISSUE

If box 16 is empty, you can fill it with the amount in box 1.

 

For your donations to charity from your retirement account, in the interview which follows the entry of your form 1099-R, TurboTax will ask you if any portion of your distribution was transferred to charity. Answer Yes to that question and you can then enter the amount transferred to charity.

 

The code in box 7 of form 1099-R must be 7 and the box IRA/SEP/SIMPLE must be checked.

 

TurboTax will then reduce the taxable amount by the amount transferred to charity.

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