I have not yet hit age 73, so I am not subject to RMD yet. When I am, how do I enter RMD info into TurboTax? How do I show that this year's distributions exceed RMD requirement?
You'll need to sign in or create an account to connect with an expert.
Money you take out of a retirement account is reported on a 1099R which you will receive (or import) in late January/mid-February for your tax return. You simply enter the 1099R into the tax software and then answer a question in the software as to whether the distribution was an RMD.
To enter your retirement income, Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
monuma
Level 2
mgfish
New Member
vg101
New Member
postalidol1228
New Member
J141
New Member
in Education