topic RMD for 2020 in Retirement tax questions

RMD for 2020

AlanKAnders — Tue, 16 Feb 2021 21:34:50 GMT

Why does TT ask if my IRA withdrawal was an RMD when RMD's were suspended for 2020? I still took some withdrawals, but not enough to meet my RMD (as in previous years). Do I just answer that none of my withdrawal was an RMD due to it not being required in 2020?

Re: RMD for 2020

DanaB27 — Tue, 16 Feb 2021 21:49:18 GMT

Yes, please answer none of your withdrawals were RMD.

RMDs were waived for 2020. You must indicate to TurboTax that none of the distribution was RMD. If you already enter the 1099-R as RMD and changing your answer to the RMD question doesn't work then you have to delete and renter the 1099-R form.

Re: RMD for 2020

AlanKAnders — Fri, 19 Feb 2021 14:29:30 GMT

Exactly what I needed to know. Thanks!