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New Member
posted Mar 22, 2025 1:55:59 PM

RMD Reporting

reported the 1099R amount I received for my RMD ....this was included in the total Gross Distribution Amount so it it is being taxed as regular income which is correct ....but as I continue in the menu I am asked the amount of RMD received which is for the year and when I put that number in my taxes due goes up.....so should I enter 0.00 or put another way is the entry they are relaying asking trying to identify RMD's that were not fully taken so they can assess the 50 %  penalty?  

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1 Replies
Expert Alumni
Mar 25, 2025 6:10:02 AM

To clarify, you took all RMD for 2024?

 

There are two RMD questions, the first one asks for the RMD amount for this account and the second question is asking how much of the distribution was 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 
  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.