Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Mar 1, 2025 10:15:26 AM

Confirming the required minimum distribution on Premier Turbotax

I have taken more than the RMD amount each year from my IRA since I was able to start receiving distributions.  In prior years a CPA did my taxes so I was out of the loop with this and now I am faced with a question for which I don't know the answer.  If I took $7200 in distributions from one of my IRAs and the RMD was $3800, how do I show that in my return?  I have identified $7200 in the 1099-R section but in the review it says to only enter the 2024 RMD.  Which is it?  If I show the $3800, seemingly, I would under report by $3400.

0 1 1064
1 Best answer
Level 15
Mar 1, 2025 10:29:14 AM

You can enter the 3800 for the RMD.   Turbo Tax just wants to know if you took the RMD amount because if you didn’t you owe a penalty.  It won’t change the 7200 distribution.   Check your 1040 line 4b for the taxable amount.

 

Before filing,  You can preview the 1040 or print the whole return

https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160

1 Replies
Level 15
Mar 1, 2025 10:29:14 AM

You can enter the 3800 for the RMD.   Turbo Tax just wants to know if you took the RMD amount because if you didn’t you owe a penalty.  It won’t change the 7200 distribution.   Check your 1040 line 4b for the taxable amount.

 

Before filing,  You can preview the 1040 or print the whole return

https://ttlc.intuit.com/community/accessing/help/how-do-i-preview-my-turbotax-online-return-before-filing/00/26160