turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

humresdfw
New Member

I took my first RMD in 2020 even though it was not due until April 1, 2026. How do I report that on 2025 tax reurn?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

I took my first RMD in 2020 even though it was not due until April 1, 2026. How do I report that on 2025 tax reurn?

@humresdfw you should have form 1099-R from the trustee.  just enter that form 

MinhT1
Employee Tax Expert

I took my first RMD in 2020 even though it was not due until April 1, 2026. How do I report that on 2025 tax reurn?

Although your first RMD is only due by April 2026, you can perfectly take it in 2025.

 

You should have received a form 1099-R for that withdrawal.

 

In TurboTax, on the form 1099-R for RMD withdrawals, answer that The entire distribution was an RMD then on the following page, to the question What is the RMD for your account? enter the amount of the distribution from that IRA account.

 

By doing this, you are telling TurboTax that all RMDs are satisfied and TurboTax will not calculate any penalty. The information you entered in TurboTax is to enable TurboTax to calculate any penalty where applicable, and is not reported to the IRS

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question