Your question seems to indicate you have a Form 1099-R because you had a required minimum distribution (RMD) from your retirement plan. And/or you know you need to take those distributions. Contact your plan administrator holding the funds to begin the process since you turned 73.
- What is an RMD?
- IRS Rule: Required Minimum Distributions (RMDs) are minimum amounts that IRA and retirement plan account owners generally must withdraw annually starting with the year they reach age 73.
Where do I enter my 1099-R? Posted below for your convenience.
TurboTax will ask you questions about whether this was an RMD so be sure to answer that it is.
You'll get a Form 1099-R if you received $10 or more from a retirement plan. You're required to report a 1099-R on your tax return, even if the distribution isn't taxable.
You can import or upload your 1099-R, or manually enter the information yourself.
Here's how to navigate to the 1099-R section:
- TurboTax Online/Mobile: Go to 1099-R.
- TurboTax Desktop: Select Search Topics. Search for and select 1099-R.
Please update with more details if you have more questions and we will help.
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