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PrivateGuy
Returning Member

RMD entry for First Year

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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1 Reply

RMD entry for First Year

The text in TurboTax needs correcting.

Any distribution taken in 2025 from your IRA has to be shown on your 2025 tax return.

@PrivateGuy 

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