How do you enter 5498 RMD payment?

rmd is considered income. where do you enter in tax form

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1 Best answer

Level 15

Jan 22, 2022 10:21:42 AM

If you had a retirement plan distribution in 2021 you will receive a Form 1099-R from the plan administrator in January 2022.

To enter, edit or delete a form 1099-R -

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Retirement Plans and Social Security
On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

Or enter 1099-r in the Search box located in the upper right of the program screen. Click on Jump to 1099-R

Level 15

Jan 22, 2022 10:21:42 AM

If you had a retirement plan distribution in 2021 you will receive a Form 1099-R from the plan administrator in January 2022.

To enter, edit or delete a form 1099-R -

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Retirement Plans and Social Security
On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

Or enter 1099-r in the Search box located in the upper right of the program screen. Click on Jump to 1099-R