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Level 1
March 27, 2023
Question

What version TTax allows for RMD distribution? Does the deluxe edition allow for this functionality?

  • March 27, 2023
  • 2 replies
  • 5 views
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2 replies

DoninGA
Level 15
Level 15
March 27, 2023

All TurboTax editions, online and desktop, can be used to enter a Form 1099-R which is reporting a RMD.

VolvoGirl
Level 15
March 27, 2023

All versions including the Free Edition can enter a 1099R for a RMD.  Did you get a 1099R?

 

Enter a 1099R under

Federal Taxes Tab or Personal (Home & Business)

Wages & Income at the top

 

Then scroll way down to Retirement Plans and Social Security,

Then IRA, 401(k), Pension Plans (1099R) - click Start or Revisit

 

There are 4 boxes.  Be sure to pick the right box for the kind of 1099R you got.

 

If you are filing a Joint return be sure to pick which person it is for.

 

Don't enter the bank or broker name and don't try to import it.  It is just as fast and easy to manually enter it.  At the bottom pick -  Change How I enter my Form

Then on the next screen pick I'll Type it in Myself