Turning 73 this year (2025) I took the required RMDs in 2025 and received the anticipated 1099-R.
Within T.T. the instructions read:
"Do not include RMDs which are due on April 1. RMDs for the first year you're required to take a distribution are generally due on April 1."
Since I've taken the RMDs in 2025, if I don't report them now it would seem that next year's return, 2026, will be expected to have two 1099-Rs reporting RMDs...one for the 2025 tax year but taken before 1 Apr 2026, and a second for the 2026 tax year. BUT, I will only receive one 1099-R in 2026, and I won't receive credit for these RMDs that I actually did perform in 2025.
What it the proper way to handle this in T.T?
Thanks for your insight.
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The text in TurboTax needs correcting.
Any distribution taken in 2025 from your IRA has to be shown on your 2025 tax return.
What exactly do you mean when you say the Turbo Tax text needs correcting? What is the taxpayer supposed to do?
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