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RMD for 2024 gives three options. I took all of my RMD during 2024 but the choices are confusing. Which one do I choose

 
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1 Reply
DanaB27
Expert Alumni

RMD for 2024 gives three options. I took all of my RMD during 2024 but the choices are confusing. Which one do I choose

If the whole distribution was applied towards the RMD then select "The entire distribution applied…". If you took more than the RMD then select "Some of this distribution…" and enter how much of this distribution is applied towards the RMD.

 

  1. Click on "Search" on the top right and type “1099-R”
  2. Click on “Jump to 1099-R” and enter your 1099-R
  3. On the "Required Minimum Distribution" screen enter RMD for this account 
  4. On the "How much of This Distribution Applied to your December 31, 2024 RMD" select "The entire distribution applied…"  / or select "Some of this distribution…" and enter the RMD amount (if this distribution includes RMD for other IRA accounts then you included the amount here)
  5. On the "Your 1099-R Entries" screen click "Continue"
  6. On the "Did You Miss a Required Distribution From Any Retirement Accounts?" screen select "None of these plans failed to withdraw the RMD" if you met all of your RMD for 2024.

 

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