1099r

[billwal]

RMD amount is entered boxes 1 and 2 and than request to re-enter on page titled 

Let's get more information about your Required Minimum Distribution (RMD)

`Re entering same amount as entered on first page under gross and taxable amount increases tax owed.

[ReneV4]

Your RMD may or may not be the total distribution amount showing in Box 1 of your Form 1099-R. Box 2 shows the taxable portion of your distribution, not necessarily your RMD.

What if you don't know your RMD ? There are two ways you can obtain your required minimum distribution amount:

• Contact the custodian, or financial institution that holds the account and issued the 1099-R
• Take the year-end IRA balance from the previous year and divide it by your Single Life Expectancy factor based on your age on your birthday in 2026

However, it sounds like your entire distribution was your RMD, so this can easily get corrected by following these steps:

First, you should delete the erroneous Form 5329 that was generated:

1. Go to Tax Tools on the right hand panel inside of TurboTax
2. Click on the down arrow and scroll down to Tools
3. Click on Tools and select Delete a form from the menu items that appear in the Tool Center
4. Click on the trash can icon to the right of Form 5329

Next, to designate the entire distribution as the RMD amount from Form 1099-R, do the following:

1. Return to your 1099-R entries by clicking Review to the right of IRA, 401(k), Pension Plan Withdrawals (1099-R) in the Federal Wages & Income
2. Click on the pencil to the right of the 1099-R
3. Click Continue through the entries you've made
4. "Let's get more information about your Required Minimum Distribution (RMD), enter the amount of your distribution as your RMD that was due by December 31, 2025, Continue
5. On the next screen, "How much of this distribution applied to your December 31, 2025 RMD?", select "The entire distribution applied...", Continue
6. When you reach, "Review your 1099-R summary, Continue (not the pencil)
7. When you reach, "Let's go over any required minimum distributions (RMD), Continue (not the pencil)*

*Note: If deleting only Form 5329 and following the above steps does not resolve the error message, it will be necessary for you to delete Form 5329 again, as well as the Form 1099-R entry and then re-enter the Form 1099-R, so that the RMD is properly calculated.

[SteamTrain]

@billwal 

Yes...when you first enter the amount on the page where you put in that amount as your RMD...the tax owed rachets up...BUT...on the page after that where you indicate it was ALL the RMD...then the tax owed rachets back down.  (strange software behavior, the software folks could have paused...but didn't)

Of course, it may not go back to the original value...that really depends on how much Fed tax withholding was in box 4, and whether it was really enough to cover ALL of the taxes owed based on you entire incoem situation.