Aggregated RMD - How To Input in TT

Forum|Forum|4 months ago
March 23, 2026
5 replies
106 views

Hi, TT experts

Due to the confusion experienced by users of TT on how to input their RMDs I have a question as well. Please read below.
I have 3 IRAs but I withdrew my total due RMD from only one of those account, which caused generating 1099-R from that account. The other accounts didn't generate 1099-R as I didn't withdraw anything from them.

While inputting info for that single1099-R I followed the software's instruction to specify RMD based on 12/31/24 balance in that account. However, the actual RMD from that account was greater than that amount.

The question is how and where to specify the difference between the actual RMD from that account and the RMD based on the account balance on 12/31/24?

I think that TT programmers overlooked cases like mine or similar.

MinhT1

Level 15

An IRA owner must calculate the RMD separately for each IRA that he or she owns, but can withdraw the total amount from one or more of the IRAs.

If you are sure that you have satisfied all RMD requirements, then in TurboTax, on the form 1099-R for RMD withdrawals, answer that The entire distribution was an RMD then on the following page, to the question What is the RMD for your account? enter the amount of the distribution from that IRA account. No entry is required for the other 2 IRAs.

By doing this, you are telling TurboTax that all RMDs are satisfied and TurboTax will not calculate any penalty. The information you entered in TurboTax is to enable TurboTax to calculate any penalty where applicable, and is not reported to the IRS.

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ZpTaxAuthor

Level 4

Please clarify this:
"What is the RMD for your account? enter the amount of the distribution from that IRA account."

So, I should ignore this, not always applicable, and, therefore, confusing statement in the TT:
"Note: Do not include the RMD for other retirement accounts you may have. RMDs for other accounts should be entered separately. "

and to input my aggregated RMD amount, i.e., based on the total balance of my IRAs at the end of 2024?

Thank you.

MinhT1

Level 15

The TurboTax statement refers to other retirement accounts such as 401(k) or 457(b) accounts.

In fact, RMDs required from other types of retirement plans, such as 401(k) and 457(b) plans have to be taken separately from each of those plan accounts.

Please read this IRS FAQ for more information.

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