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Returning Member
posted Feb 24, 2022 2:42:54 PM

Where are the RMDs reported on Turbotax software?

I know I must sound crazy, but after entering the total pension payments received, I expected to see a place to report RMD distributions. But the program stated I was through with income without even asking about my taxable RMDs.

0 5 10646
5 Replies
Level 15
Feb 24, 2022 2:53:23 PM

Do you have separate RMD from IRA or 401K?  You should have a 1099R for each plan.   Enter each 1099R separately.  when you are done entering a 1099R it should ask if you have another.  Maybe you didn't go far enough through the 1099R section.

Go back and enter them.

Enter a 1099R under

Federal Taxes Tab or Personal (Home & Business)

Wages & Income at the top

 

Then scroll way down to Retirement Plans and Social Security,

Then IRA, 401(k), Pension Plans (1099R) - click Start or Revisit

 

There are 4 boxes.  Be sure to pick the right box for the kind of 1099R you got.

 

If you are filing a Joint return be sure to pick which person it is for.

 

Expert Alumni
Feb 24, 2022 3:00:01 PM

Is your birthday entered in the personal info section?   TurboTax will ask if the distributions on Form 1099-R represent a required minimum distribution (RMD) when you enter the form.  

 

Your 1099-R issuer is required to follow RMD rules and regulations, so if you received a distribution and you're at least 72 years young, you can be almost certain you received an RMD.

 

Here's how to enter your 1099-R:

  1. Open (continue) your return if you don't already have it open
  2. Search for 1099-R and select the Jump to link in the search results
  3. Answer Yes on the Did you get a 1099-R? screen
    • If you land on the Review your 1099-R info screen instead, select Add Another 1099-R
  4. Answer any questions until you get to the import screen. You'll be prompted to enter your financial institution account info and TurboTax will directly import your forms
    • If you prefer to type it in yourself, select Change how I enter my form and continue through

 

You should get a screen that looks similar to the one below.

 

Returning Member
Mar 6, 2022 1:08:10 PM

I was amazed at how many offered advice on answering my question. Thank you so much. I've worked it out, and was able to continue on. Thanks again

Level 1
Mar 27, 2022 12:00:00 PM

I do not see any of the screens you report. No "Pension Payers" text at all.

 

Level 15
Mar 27, 2022 12:16:49 PM

That might be just the name the person typed in for a test 1099R.  It might say your pension's name or payer.