Multiple rmds

river_terror — Tue, 04 Mar 2025 17:04:31 GMT

I have 6 ira accounts with 4 that I had distributions from. No matter what I do the total distribution is less than what I input. Is this still being worked?

Re: Multiple rmds

DanaB27 — Tue, 04 Mar 2025 17:41:17 GMT

No, the RMD section was updated.

Please follow these steps in TurboTax Online:

Login to your TurboTax Account
Click on "Search" on the top right and type “1099-R”
Click on “Jump to 1099-R” and enter your 1099-R
Continue until "How much of the $XXXXX was a RMD?" screen and select "Only part of this distribution was a RMD" and enter the amount of RMD /or select "The entire distribution was an RMD" (if this distribution includes RMD for other IRA accounts then you included the amount here)
Enter the RMD amount for this account on the "Let's get more information about your Required Minimum Distribution (RMD)" screen
On the "Review your 1099-R info" screen add the next 1099-R, when done entering all 1099-R click "Continue"
On the "Did You Miss a Required Distribution From Any Retirement Accounts?" screen select "An IRA..."
On the "Total RMD for all other IRAs" screen enter the RMD from your other IRAs (where you didn't take a distribution from).

In TurboTax Desktop:

Click on "Search" on the top right and type “1099-R”
Click on “Jump to 1099-R” and enter your 1099-R
On the "Required Minimum Distribution" screen enter RMD for this account
On the "How much of This Distribution Applied to your December 31, 2024 RMD" select "Some of this distribution…" and enter the RMD amount / or select "The entire distribution applied…" (if this distribution includes RMD for other IRA accounts then you included the amount here)
On the "Your 1099-R Entries" screen add the next 1099-R, when done entering all 1099-R click "Continue"
On the "Did You Miss a Required Distribution From Any Retirement Accounts?" screen select "An IRA..."
On the "Total RMD for all other IRAs" screen enter the RMD from your other IRAs (where you didn't take a distribution from).

Please see Can an account owner just take a RMD from one account for additional information.

Re: Multiple rmds

river_terror — Fri, 07 Mar 2025 15:09:22 GMT

Yes it fixed part of it. Found that one of my 1099r's didn't have the ira box checked which was incorrect.

topic Re: Multiple rmds in Retirement tax questions

Multiple rmds

Re: Multiple rmds

Re: Multiple rmds