topic TT not ready for 1099-R? in Retirement tax questions

TT not ready for 1099-R?

fbmcardl2 — Fri, 14 Feb 2025 01:14:30 GMT

So I entered my 1099-Rs on TT Online Premier and got a message saying I should delay filing with this quote:

"We're working on some updates related to required minimum distribution, but you can still work on other parts of your tax return. Please check back here later on"

So what's this all about and how will I know when it's okay to file?

Re: TT not ready for 1099-R?

DanaB27 — Sun, 16 Feb 2025 14:39:19 GMT

This part only applies if your were required to take a RMD and did not take all of it in 2024. If you took all your your RMD for 2024 then select "Yes" when TurboTax asked if you took all your RMDs for 2024 and you can continue filing your return.

If you didn't take all your RMDs then you need to check back for the updates so TurboTax can create Form 5329 for the missed RMD.