How make1099-R amount is ALL RMD button hold?

spark1 · ‎February 1, 2020

DeanM15 · ‎February 1, 2020

If you are over 70.5 years old, the program will ask you about whether the 1099R distribution is a Required Minimum Distribution (RMD).

In TurboTax Online, the page is labeled About This Retirement Account and appears shortly after you make your entries. The page asks you Was This Withdrawl an RMD and if you answer yes, a second question opens up to ask you how much of the distribution was an RMD.

More about 1099R and RMD entries here.

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dmertz · ‎February 1, 2020

TurboTax does not record the answer to this question. TurboTax only asks the question to determine what to ask next. Answering Yes simply means that TurboTax can skip the questions asking how much of your distribution was RMD. Answer accurately and move on.