topic Re: RMD in Retirement tax questions

RMD

tiki2 — Thu, 03 Apr 2025 19:54:07 GMT

I turned 73 in November. I failed to take my RMD before the end of the year. I subsequently understood that I had until April 1 to take my RMD. I took it in February. Should I include it in my 2024 tax return or in my 2025 taxes?

Re: RMD

JamesG1 — Thu, 03 Apr 2025 20:12:33 GMT

The withdrawal was in 2025. The pension distribution will be reported on an IRS form 1099-R to be issued next January and reported on your 2025 tax return.

It is possible that the TurboTax software will ask questions about the RMD and whether the RMD requirement has been met.

Re: RMD

fanfare — Thu, 03 Apr 2025 20:35:35 GMT

Your RMD requirement for 2024 was -0- and due to TurboTax bugs,

that's what you have to respond to any questions.

Unless you are reporting other actions, you should not be getting any questions because you have no 1099-R to enter.

@tiki2