rmd withdrawal reporting on turbo tax confusing

[deborahmbecker]

I have my first RMD which is 15000 and I only took 10000 in 2024 will take remainder by 4/1/2025 as required.

How do I report this in turbo tax?  It asks what the rmd amount for 2024 is and if I put the entire amount it charges me taxes on that when there is nothing due since it will be taken in 2025.

How do I put this on turbo tax that all the rmd was taken 10000?

Help

[JohnB5677]

You would make the withdrawal, and post the initial $10,000 RMD to your 2024 tax return 

Post the remaining portion of the RMD on your 2025 taxes.

You will have to also take an additional full RMD in 2025.

 Edited 02/17/2025 | 10:56 AM PST

[fanfare]

"I put the entire amount"

don't do that, name the amount you did take so far.

That's always been what you do with TurboTax when you are using the April 1 extension for the first RMD.

@deborahmbecker 

[deborahmbecker]

reply to John,

i have no idea what you are saying.. i took some in 2024 so it is on 2024 tax return the rest will be in 2025 .

turbo tax is asking for full amount which i did not take yet. so do i put just what i did take in 2024 as full rmd?

do you mean put a sub 1099 r in 2025 ?

[deborahmbecker]

to fanfare

thank you so just say i took all rmd instead of reporting extra ?

[DanaB27]

Yes, you will select that all your your $10,000 distribution was RMD for 2024 and when TurboTax asks if you took all your RMD for 2024 you answer with "Yes" .

[bernienunez]

I have similar problem in that my first year RMD is higher than my withdrawal in 2024 and the rest i withdrew in 2025.  Turbotax wants to file a waiver and charge the 10% penalty.  Is the solution to input a lower RMD in 2024 to match my withdrawal, but that doesn't seem to make sense.

[VolvoGirl]

The 1099R RMD questions were fixed on Feb 20, 2025!  If you are using the Desktop program be sure to update your program.  Go back though and revisit your 1099R entries.

For a first year RMD say you took all the RMD for 2024 since it’s not due until April 1 of the next year.  Don’t forget you will also need to take the next year's RMD by Dec 31.  So you will need to take 2 RMD in 2025.