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Level 2
posted Mar 23, 2025 7:01:39 PM

1099: RMD due by Dec. 31 2024 question

Hi, I'm being prompted with the "RMD due by Dec. 31 2024" question after entering my 1099-R info.
I have only one Traditional IRA.  Box 7 IRA/SEP is checked off.  "Taxable amt not determined" is checked off.

Bank calculates my RMD every year for the past 15 years.

If I enter the 2024 RMD amount from my 1099-R in Step-by-Step I owe BUT if I go to the 1099-R form itself and enter Yes to the question "Entire gross applies to the 12/31/24 RMD?" and save the file then I don't owe.

I have the latest updates installed in TT as of 3/23/25 9:30 pm EST.

Is this a known problem in the Step-by-Step with this new 1099-R question?

 

0 2 1555
2 Replies
Expert Alumni
Mar 24, 2025 5:24:00 AM

I cannot recreate the issue. There are two RMD question that need to be answered. The first one asks what the RMD is for this account and the second on asks how much of the distribution is applied towards the RMD.

 

  1. Click on "Search" on the top right and type “1099-R”
  2. Click on “Jump to 1099-R” and enter your 1099-R
  3. On the "Required Minimum Distribution" screen enter RMD for this account 
  4. On the "How much of This Distribution Applied to your December 31, 2024 RMD" select "The entire distribution applied…"  / or select "Some of this distribution…" and enter the RMD amount (if this distribution includes RMD for other IRA accounts then you included the amount here)
  5. On the "Your 1099-R Entries" screen click "Continue"
  6. On the "Did You Miss a Required Distribution From Any Retirement Accounts?" screen select "None of these plans failed to withdraw the RMD" if you met all of your RMD for 2024.

Level 2
Apr 2, 2025 8:00:59 PM

Thank you, I was able to correct the issue.