How do I file for an erroneously issued RMD?

Forum|Forum|5 years ago
June 18, 2021
4 replies
25 views

Taxes were withheld incorrectly on my RMD.

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xmasbaby0

Level 15

Please explain. Not sure what you mean by the tax being incorrectly withheld. You need to enter the 1099R as it appears and enter the tax withheld as it appears on that document. The software will then calculate the taxable amount of your retirement income.

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.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

kacha22Author

Level 2

Thanks for your response. The erroneous RMD was in the form of a check from TDA. Since the law had been changed to not require RMDs be issued, I returned the check to TDA (after some discussion) for a 60-day rollover back into my account. Since TDA had sent the taxes to the IRS I did not have a way to get them back. How do I prepare my tax return (properly report/record the 1099) and get my tax money that TDA sent to the IRS back?

I'll look forward to your help/response.

Thank you,

Charles F. Swift