About Required Minimum Distribution (RMD), Some in After Tax Dollars??

[diitto]

Got it...  Thanks.  I appreciate the help...  I've heard and read enough now to believe that even though a part of my 401k RMD was POST TAX, still that along with the PRE TAX dollars, added all together, MEET the RMD REQUIREMENT...  I was just questioning the logic when it appeared to me that the IRS was just seeking tax money so why would they want 100% of the RMD to be PRE TAX...  But you make a good point that the government's main intention was likely to help supplement income NOW and not so much just about the government gaining more tax money...  So I'm good with now having satisfactorily withdrawn four RMD amounts from four different retirement accounts I have...  

Now if I can just learn how, next year, to be able to get TT to help me properly report those RMDs and pay the appropriate (regular income) taxes on those amounts...  See above where I've asked one more question about how and where these RMD's get reported in TT...  I still have the 2024 TT Deluxe version on my Mac computer that I might soon go back in to just to look around and see if I can see where such gets reported...  Or any input from you folks on that would be much appreciated...  thanks for all the help...  

[VolvoGirl]

Some more info.  IRA and 401K are separate and have different rules.  For IRA accounts you need to figure the RMD from each account but you can take the total RMD out from just 1 account or spread it around from other IRA accounts.  And as said above you can only take a QCD from IRA accounts (not 401k).

For 401k accounts you need to take out the RMD from each 401k.  IRA accounts go on 1040 line 4 and 401k go on line 5.  Here is IRS pub 590b about taking distributions.

https://www.irs.gov/pub/irs-pdf/p590b.pdf 

You will get a 1099R  for each account IRA & 401k distributions.  They get entered in the same place.  The IRA accounts will have a X in a little box between boxes 7&8 to tell it that it is from an  IRA.    Here is a 1099R

https://www.irs.gov/pub/irs-pdf/f1099r.pdf 

Since you have the Desktop program you can copy your return to test and practice in.  Go up to File-Duplicate on Mac and give it another name.    Don't mess around in your real return.   Oh you can still buy Deluxe.  All the Desktop programs have all the same forms.  You just get more help in the higher versions.    

Enter a 1099R under
Federal Taxes
Wages & Income
Then scroll way down to Retirement Plans and Social Security
Then IRA, 401(k), Pension Plan Withdrawals (1099-R) – Click Start
If you are adding another 1099R there might be a Add button at the bottom of the list.

[rjs]

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@diitto wrote:

Where would I even look (I'm long since done with 2024's taxes but I do still have the TurboTax Deluxe 2024 software on my Mac) to see how and where TT handles the RMD section on taxes???

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@diitto 

There were some changes related to RMDs for 2024. The way TurboTax handled it was kind of a mess, and caused a lot of errors. They know they had a problem, and they are redoing the handling of RMDs for 2025. So I would not rely on the 2024 software as any indication of how TurboTax will handle RMDs for 2025. Looking at the 2024 software might be confusing rather than helpful. Just wait until the 2025 software is available, probably sometime in November.