Multiple IRA accounts

Forum|Forum|4 months ago
January 27, 2026
2 replies
0 views

I have 2 IRA accounts from which I need to take RMDs. I took the total required RMD from just one IRA. Your forms changed this year. I do not have a 1099-R from the IRA from which I did not take the RMD. How am I supposed to show this in the 2025 Turbtax software

MinhT1

Level 15

If you are sure that you have satisfied all RMD requirements by withdrawing from one IRA, then in TurboTax, on the form 1099-R for RMD withdrawals, answer that The entire distribution was an RMD then on the following page, to the question What is the RMD for your account? enter the amount of the distribution from that IRA account.

By doing this, you are telling TurboTax that all RMDs are satisfied and TurboTax will not calculate any penalty. The information you entered in TurboTax is to enable TurboTax to calculate any penalty where applicable, and is not reported to the IRS.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

VolvoGirl

Level 15

I’m finding the 1099R section is the same as last year. Did you have a 1099R from the other IRA last year? If it transferred over you need to delete it.