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posted Jun 6, 2019 3:16:46 AM

Need to claim part of an IRA withdrawal as RMD but can not get back to where I would say yes or where I can input how much to claim.

Need to find where to say 'yes' to rmd question and/or where to designate how much of withdrawal was RMD..

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1 Best answer
Intuit Alumni
Jun 6, 2019 3:16:48 AM

UPDATED FOR TAX YEAR 2019

 

TurboTax (and the IRS) just want to know if you received the full Required Minimum Distribution (RMD) from your retirement account.  To check this entry, please follow these steps:

 

  1. Click on Federal Taxes > Wages & Income  [In TT Self-Employed:  Personal > Personal Income].
  2. Scroll down to the Retirement Plans and Social Security section and click on the Start/Revisit box next to IRA, 4701(k), Pension Plan Withdrawals (1099-R).  
  3. If you've already entered one (or more) 1099-Rs, you will see a screen Your 1099-R Entries.  Click Continue.  [You don't have to go into the entry screen for the 1099-Rs.] 
  4. If you are 70-1/2 or better, after the 1099-R summary screen, you should see a screen, Tell Us More About This Retirement Plan Distribution.  Mark the radio button that you received all the RMD for 2019.  Click Continue.

 

[Edited | 4/1/2020 |  12:35pm PDT]

1 Replies
Intuit Alumni
Jun 6, 2019 3:16:48 AM

UPDATED FOR TAX YEAR 2019

 

TurboTax (and the IRS) just want to know if you received the full Required Minimum Distribution (RMD) from your retirement account.  To check this entry, please follow these steps:

 

  1. Click on Federal Taxes > Wages & Income  [In TT Self-Employed:  Personal > Personal Income].
  2. Scroll down to the Retirement Plans and Social Security section and click on the Start/Revisit box next to IRA, 4701(k), Pension Plan Withdrawals (1099-R).  
  3. If you've already entered one (or more) 1099-Rs, you will see a screen Your 1099-R Entries.  Click Continue.  [You don't have to go into the entry screen for the 1099-Rs.] 
  4. If you are 70-1/2 or better, after the 1099-R summary screen, you should see a screen, Tell Us More About This Retirement Plan Distribution.  Mark the radio button that you received all the RMD for 2019.  Click Continue.

 

[Edited | 4/1/2020 |  12:35pm PDT]