Steps to include the RMD that should have been taken in 2025 (if you choose).
- Go to your Form 1099-R information in the Wages & Income section
- Continue through adding the form and answering the questions, be sure to use Code 8 in box 7
- You reach a screen 'Do any of these situations apply to you?' Select 'I need to file a substitute 1099-R' until you reach, 'Let's go over any required minimum distributions (RMD)'
- Select Yes for, 'Let's check if you missed any required distributions'
- Continue, then enter the total RMD that was due by December 31, 2025 when you reach, 'Tell us the total RMD for your other IRA accounts'
- Select Yes when you reach, 'Did you take a corrective distribution for your IRA?', then Continue
- Select Yes when you're asked, 'Do you want to request a waiver to reduce the penalty?', then Continue
- Enter the RMD amount that you are requesting a waiver on (amount of your missed payment), then Continue
- Write your explanation in the next section, then Continue
- You will then reach, 'Nice job finishing your waiver', Continue
Note: After the first RMD, all subsequent years' RMDs are due by December 31 of each year. Keep a paper trail for your tax files and Form 5329 will be generated with your tax return to include your explanation and waiver request.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
