topic Re: Where do I show my "Required Minimum Distribution"? in Retirement tax questions

Where do I show my "Required Minimum Distribution"?

rtjohn1212 — Sun, 14 Feb 2021 21:08:02 GMT

how do I enter my "required minimum distribution"

Re: Where do I show my "Required Minimum Distribution"?

DanaB27 — Sun, 14 Feb 2021 21:49:42 GMT

Please follow these steps to enter your 1099-R for the distribution:

Login to your TurboTax Account
Click on the Search box on the top and type “1099-R”
Click on “Jump to 1099-R”

Please be aware that Required Minimum Distribution (RMDs) were waived for 2020. The CARES Act provisions apply to most retirement plans, including traditional IRAs, SEP IRAs, SIMPLE IRAs, 401(k) plans, 403(b) plans, 457(b) plans, profit sharing plans and other defined contribution plans. The RMD suspension does not apply to qualified defined benefit plans

If you returned the RMD then 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.

Please follow these steps to enter your 1099-R and RMD rollover:

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 "none"
Continue "Tell us if you moved the money through a rollover or conversion" and select "I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days)"
Continue answering the questions.

Re: Where do I show my "Required Minimum Distribution"?

erodriguez109 — Wed, 22 Feb 2023 01:27:05 GMT

I didn't receive a 1099R for my Required Min.Distribution, they just put the amount into my bank account.

Re: Where do I show my "Required Minimum Distribution"?

PattiF — Wed, 22 Feb 2023 01:47:23 GMT

If you cannot get a 1099-R issued for your retirement distributions (please verify with the plan administration) then you will have to create a substitute 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”
Select "Change how I enter my form" on the "Let's import your tax info" screen
Select "Type it myself"
Continue through the questions until the "Do any of these situations apply to you?" screen select "I need to file a substitute 1099-R"

@erodriguez109