If 2024 is first year for your rmd and you are taking your first rmd in 2025, do you answer yes or no to the turbo-tax question about have you taken your 2024 rmd?

memrdowning · ‎February 9, 2025

How do you answer the turbo-tax question about your 2024 rmd if you are taking your first rmd in 2025 because 2024 was your first year for rmd?

PatriciaV · ‎February 19, 2025

If you didn't receive your RMD until after the end of the tax year, you would answer "No" to the RMD question.

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fanfare · ‎February 19, 2025

If you answer NO, TurboTax will penalize you.

for this reason, take the other option.

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