To designate you took your entire RMD amount from one IRA distribution and avoid triggering the RMD penalties, do the following:
First, delete the current 1099-R entry and the Form 5329 that was generated, since it does not apply:
- Go to Tax Tools on the right hand panel inside of TurboTax
- Click on the down arrow and scroll down to Tools
- Click on Tools and select Delete a form from the menu items that appear in the Tool Center
- Click on the trash can icon to the right of the Form 1099-R that is your RMD, and also Form 5329
Once you have deleted the two entries, go back to Income to input your Form 1099-R:
- Return to your 1099-R entries by clicking Review to the right of IRA, 401(k), Pension Plan Withdrawals (1099-R) in the Federal Income section
- Click on the pencil to the right of the 1099-R from which you took your entire RMD
- Click Continue through the entries you've made
- "Let's get more information about your Required Minimum Distribution (RMD)", enter the amount of your RMD (no extras) that was due by December 31, 2025, Continue
- On the next screen, "How much of this distribution applied to your December 31, 2025 RMD?", enter your RMD (no extras) that you entered in the prior screen, Continue
- When you reach, "Review your 1099-R summary, Continue (not the pencil)
- When you reach, "Let's go over any required minimum distributions (RMD)", Continue (not the pencil)
Since one of your Form 1099-R distributions covers all RMDs for 2025, you can enter the full amount of your total RMD (no extras) in the first Form 1099-R distribution above and then skip the second Form 1099-R questions about RMD by entering zero at step 4 above and just Continue through the remaining questions.
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