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sdg638
New Member

Why is the taxable amount of my RMD not shown on my turbo tax entry

The gross distribution of my RMD was shown as entered on my Turbo Tax instead of the taxable amount.
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3 Replies
MaryK4
Employee Tax Expert

Why is the taxable amount of my RMD not shown on my turbo tax entry

For most traditional accounts, the entire gross RMD is fully taxable, so seeing the same number is normal.  TurboTax requires you to enter the data exactly as it appears on the Form 1099-R you received from your financial institution. Box 1 is the gross distribution.  If you have basis from non-deductible contributions, TurboTax will ask subsequent questions to calculate the nontaxable portion and lower the final taxable amount.

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Why is the taxable amount of my RMD not shown on my turbo tax entry

@sdg638 

 

IF you have a value in box 2a of that 1099-R, that is somewhat lower than box 1 due to after-tax contributions you made to the plan  (but 2a is not blank, and not zero).  You probably need to answer one of the follow-up questions differently.

 

ON THE PAGE SHOWN BELOW...answer YES and box 2a will be used:

(TTX Has TOTAALLY Messed up the question that was correct last year...but fouled up this year)

_______________________________________________

1099R_Box2a_2025text.png

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

Why is the taxable amount of my RMD not shown on my turbo tax entry

Where are you seeing the gross amount?  If you are looking at a summary screen or review screen those show the full amount as income and lump a lot of stuff together. You need to check the actual 1040 form and make sure it’s right. 

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