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I’m trying to post my RMD but can’t find the area to do so on Turbo Tax??

 
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2 Replies

I’m trying to post my RMD but can’t find the area to do so on Turbo Tax??

You will receive a 1099-R from the administrator of your IRA or employer retirement plan.  The 1099-R will be entered as part of the questions on income. Under Wages and Income, Retirement Plans and Social Security, IRA etc 1099-R

DanaB27
Employee Tax Expert

I’m trying to post my RMD but can’t find the area to do so on Turbo Tax??

After you entered your 1099-R TurboTax should ask you about the RMD. Please follow the steps below:

 

Please follow these instructions to enter your Form 1099-R :

  1. Login to your TurboTax Account 
  2. Click "Federal" from the left side of your screen
  3. Click "Wages & Income" on the top
  4. Scroll down and click "Start or Edit/Add" next to "IRA, 401(k), Pension Plan Withdrawals (1099-R)
  5. Answer "Yes" to the question "Did You Have Any of These Types of Income?"
  6. Click "I'll Type it Myself"
  7. Choose "Form 1099-R, Withdrawal of Money from 401(k) Retirement Plans, Pensions, IRAs, etc."
  8. Click "Continue"
  9. From here TurboTax will walk you through entering your Form 1099-R
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