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Level 1
posted Dec 3, 2024 5:33:00 PM

I'm retired and this is my 1st year or doing an RMD. I'd like to have an estimate of my Fed tax based on my RMD and SSA. Can I do that now with Turbo Tax?

I tried starting my taxes but for my RMD I got a "This section will be ready January 11".

0 1 8882
1 Replies
Level 15
Dec 3, 2024 5:52:15 PM

You can use Forms mode, click on Forms in the upper right of the desktop program screen when using Windows.  In Forms mode click on Open Form.  Type in 1099-R.  Click on the result to open the form.  Enter the amount of distribution, taxable distribution, tax withheld and in box 7 enter a code 7.

 

To enter Social Security benefits reported on form SSA-1099

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 Social Security (SSA-1099, RRB-1099), click the start or update button

 

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