Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Returning Member
posted Feb 11, 2025 1:21:04 PM

I have met my total RMD but only took out of 2 of 5 individual accounts. How do I list this ?

Can I just split the numbers between the 2 accounts I took distributions from? If so how do I answer the TT questions?

0 1 173
1 Replies
Level 15
Feb 11, 2025 1:22:51 PM

Turbo Tax changed this year. When it asks about the RMD it is only asking for that one 1099R you are entering.  On each 1099R you need to say Yes it was the RMD and only enter the amount from box 1 on that single 1099R for the RMD, not the total RMD for all and even if it is more or less than the total.