If I did not take any RMD's from my investments as allowed by the Cares Act and did not receive a 1099-R from my Financial Institution, how do I get passed that section?

baudette54 · ‎March 2, 2021

MinhT1 · ‎March 2, 2021

The RMDs have been waived for tax year 2020.

Please read this IRS document for more information.

If you do not have any form 1099-R, there is nothing to report in TurboTax about the RMD. There is no penalty.

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VanderTax · ‎March 7, 2021

The TurboTax answer is that I do not have to report anything for an RMD, but, when I run the scan check at the end, I get an error message to fix my RMD reporting. How do I eliminate, or get past, that response and issue?

VolvoGirl · ‎March 7, 2021

If you have a 1099R that transferred over from last year you need to delete it.

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If I did not take any RMD's from my investments as allowed by the Cares Act and did not receive a 1099-R from my Financial Institution, how do I get passed that section?