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Returning Member
posted Jun 26, 2024 9:16:55 AM

How do I enter RMD information into TurboTax? How do I show that I took distributions greater than my RMD?

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?

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1 Replies
Level 15
Jun 26, 2024 9:20:36 AM

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.