topic Re: Minimum Required Distribution in Retirement tax questions

Minimum Required Distribution

wpgeoff1 — Sat, 28 Mar 2020 21:56:35 GMT

I turned 701/2 in 2019. My MRD from my 401k for 2019 didn't process until Jan. of 2020 and i did not receive a 1099 R. How do I handle that in TurboTax?

Re: Minimum Required Distribution

VolvoGirl — Sat, 28 Mar 2020 22:01:09 GMT

Just skip it. You have until April to take the first RMD. But you will have to take another RMD for 2020. So you will have to enter both on your return next year. That will increase your income so be prepared. At the end of 2020 you might get one 1099R for both or 2.

Re: Minimum Required Distribution

dmertz — Sun, 29 Mar 2020 02:11:37 GMT

RMDs for 2020 have been waived by the CARES Act signed into law yesterday.