What information? What your RMD amount is? Where do you enter it?
Please follow these steps to enter your 1099-R.
- Login to your TurboTax Account
- Click on the Search box on the top and type “1099-R”
- Click on “Jump to 1099-R” and enter your 1099-R
- Continue until "How much was a RMD?" and select the correct amount
- Continue
If you have reached the required age, then you need to take an RMD.
RMD stands for required minimum distribution.
It's the minimum amount of money you're required to take out of your retirement plan once you turn 72.
RMD rules apply to all employer-sponsored retirement plans, such as pensions, profit-sharing, 401(k), 403(b), and 457(b) plans, as well as Traditional IRAs and IRA-based plans, such as SEPs, SARSEPs, and SIMPLE IRAs. However, RMDs aren't required for Roth IRAs while the owner is still alive.
Your 1099-R issuer is required to follow RMD rules and regulations, so if you received a distribution and you're at least 72 years young, you can be almost certain you received an RMD. Check with your plan administrator if you're still not sure
