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Level 1
posted Mar 4, 2025 12:08:40 PM

I withdrew part of my 2024 RMD in 2025. How should I record this?

How should I record taking out the rest of my 2024 RMD within the correction window?

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1 Replies
Expert Alumni
Mar 4, 2025 1:17:28 PM

The 2024 RMD withdrawn in 2025 will be report next year on your 2025 return.

 

You will fill out Form 5329 to report the missed RMD for 5329:

 

  1. Click on "Search" on the top right and type “1099-R”
  2. Click on “Jump to 1099-R”
  3. On the "Your 1099-R Entries" screen (after entering all Form 1099-Rs) click "Continue"
  4. On the "Did You Miss a Required Distribution From Any Retirement Accounts?" screen select what is applicable
  5. TurboTax will walk you through the RMD questions and give you the option to apply for a waiver.