turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I did not take the RMD for 2020. It was suspended for 2020. What do I put in the box for RMD amount?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
MinhT1
Expert Alumni

I did not take the RMD for 2020. It was suspended for 2020. What do I put in the box for RMD amount?

The RMDs have been waived for tax year 2020.

 

Please read this IRS document for more information.

 

If you did not take a RMD in 2020, then there is nothing to report about your RMD on your tax return. There is no penalty.

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

View solution in original post

2 Replies
MinhT1
Expert Alumni

I did not take the RMD for 2020. It was suspended for 2020. What do I put in the box for RMD amount?

The RMDs have been waived for tax year 2020.

 

Please read this IRS document for more information.

 

If you did not take a RMD in 2020, then there is nothing to report about your RMD on your tax return. There is no penalty.

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

I did not take the RMD for 2020. It was suspended for 2020. What do I put in the box for RMD amount?

...And if you have an unused 1099-R form for that issuer, you delete the 1099-R involved in the retirement income section.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies