topic Re: IRA RMD in Retirement tax questions

IRA RMD

Jack1630 — Mon, 24 Feb 2025 23:38:25 GMT

I have 2 IRA's both with RMD's. I took less than the RMD from one account and more than the RMD from the other account. The total withdrawal was more than the total RMD. I believe that is acceptable; will TurboTax allow me to enter it correctly?

Re: IRA RMD

VolvoGirl — Mon, 24 Feb 2025 23:43:08 GMT

Yes. There was a problem that got fixed on Feb 20. Just go slow and answer the followup questions.

Enter a 1099R under
Federal Taxes
Wages & Income
Then scroll way down to Retirement Plans and Social Security
Then IRA, 401(k), Pension Plan Withdrawals (1099-R) – Click Start