Minimum Required Distribution
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
TurboTax has you covered during Covid. Get the latest second stimulus info here.
Showing results for 
Search instead for 
Did you mean: 
New Member

Minimum Required Distribution

I turned 701/2 in 2019.  My MRD from my 401k  for 2019 didn't process until Jan. of 2020 and i did not receive a 1099 R.  How do I handle that in TurboTax?

2 Replies
Level 15

Minimum Required Distribution

Just skip it.  You have until April to take the first RMD.  But you will have to take another RMD for 2020.  So you will have to enter both on your return next year.  That will increase your income so be prepared.  At the end of 2020 you might get one 1099R for both or 2.

Level 15

Minimum Required Distribution

RMDs for 2020 have been waived by the CARES Act signed into law yesterday.

Dynamic Ads
Privacy Settings