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gku2660
New Member

Entry of data for 1099R for RMD Distribution from traditional IRA

I am trying to enter all the relevant data for a distribution from a traditional IRA. I entered all the data from the 1099R. However, the program did not ask me to enter the value of the IRA on 12/31/2024 which is required by    Form 8606 to deduct the taxable amount of the IRA distribution. How do I trigger the program to ask me for the the value of the IRA on 12/31/2024?

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1 Reply
ThomasM125
Expert Alumni

Entry of data for 1099R for RMD Distribution from traditional IRA

After you enter your Form 1099-R, you should see a question regarding having made nondeductible contributions to your IRA in previous years, you have to answer yes to that question: 

 

Then TurboTax will ask you for your balance in IRA accounts and the end of 2023 and 2024.

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