topic Re: 1099 R in Retirement tax questions

1099 R

krwoodard2012 — Tue, 09 Feb 2021 18:26:00 GMT

Should zeros be put in the 1099 R form when the RMD for 2020 was not taken?

Re: 1099 R

DoninGA — Tue, 09 Feb 2021 18:30:11 GMT

No. You enter the Form 1099-R as received.

In the follow up screens after the 1099-R entry you will be asked about an RMD.

Re: 1099 R

krwoodard2012 — Tue, 09 Feb 2021 20:55:59 GMT

Thank you for your response. I failed to say that I took No distribution in 2020, so I have not received a 1099-R. I'm wondering what to do about the forms in Turbo Tax as I will have to take a RMD next year.

Re: 1099 R

macuser_22 — Tue, 09 Feb 2021 20:58:37 GMT

Just delete the 1099-R if no 2020 distribution. Enter it again next year.