how does turbotax calculate my rmd

Griffermeow — Sat, 21 Feb 2026 20:56:27 GMT

turbotax says i have excess accumulation in my retirement account but I took the full amount advised

Re: how does turbotax calculate my rmd

fanfare — Sat, 21 Feb 2026 21:09:03 GMT

TurboTax does not calculate.

You tell TurboTax the amount of RMD expected and distributed.

If 2025 is your first RMD year, the expected amount is zero.

@Griffermeow

Re: how does turbotax calculate my rmd

DianeW777 — Mon, 02 Mar 2026 18:16:40 GMT

If you know you received your required minimum distribution (RMD) then the amount of your RMD is the amount of the distribution. The plan administrator will calculate your RMD each year, which will be the amount distributed.

In other words, be sure to enter your required minimum distribution (RMD) for each 1099-R, and do not include the total RMD in only one 1099-R entry. This is what the statement is saying and as indicated, the RMD must be taken for each account. Your financial agency will automatically calculate this for each account based on your age.

Note: Do not include the RMD for other retirement accounts you my have. RMDs for other accounts should be entered separately.

Helpful Links:

Why don't I have an RMD listed on my 1099-R?

What are required minimum distributions (RMD)?

Here's how to navigate to the 1099-R section:

TurboTax Online/Mobile: Go to 1099-R.
TurboTax Desktop: Select Search Topics. Search for and select 1099-R.

@Griffermeow

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how does turbotax calculate my rmd

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