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You should receive a 1099-R by the end of January that reports that.
Enter a 1099-R here:
Federal Taxes,
Wages & Income
(I'll choose what I work on - if that screen comes up)
Retirement Plans & Social Security,
IRA, 401(k), Pension Plan Withdrawals (1099-R).
OR Use the "Tools" menu (if online version left side) and then "Search Topics" for "1099-R" which will take you to the same place.
Be sure to choose which spouse the 1099-R is for if this is a joint tax return.
Be sure to pick the correct 1099-R type: Standard 1099-R, CSA-1099-R, CSF-1099-R, RRB-1099-R.
[NOTE: When you get to the "Your 1099-R Entries" screen where you can add another 1099-R, use "continue" to keep going as there are additional interview questions after that screen in most cases. You can always return as shown above.]
Yes, you need to report that income. Even if you know the amount, you need to wait for the 1099R form in order to report all the information on that form.The 1099R reporting the RMD is entered just like any other 1099R.
To report the 1099R :
Turbo Tax will ask if the RMD was taken just to be sure that you did not miss it.
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