RMD Excess Accumulation Errors

Forum|Forum|1 year ago
February 23, 2025
2 replies
12 views

I keep getting error on worksheet. I paid all that was due this year.

TurboTax Basic Windows

DanaB27

Level 15

Please follow these steps in TurboTax Online:

Login to your TurboTax Account
Click on "Search" on the top right and type “1099-R”
Click on “Jump to 1099-R” and enter your 1099-R
Continue until "How much of the $XXXXX was a RMD?" screen and select "Only part of this distribution was a RMD" and enter the amount of RMD (or select "The entire distribution was an RMD")
Enter the RMD amount for this account on the "Let's get more information about your Required Minimum Distribution (RMD)" screen
On the "Review your 1099-R info" screen click "Continue"
On the "Did You Miss a Required Distribution From Any Retirement Accounts?" screen select "None of these plans failed to withdraw the RMD"

In TurboTax Desktop:

Click on "Search" on the top right and type “1099-R”
Click on “Jump to 1099-R” and enter your 1099-R
On the "Required Minimum Distribution" screen enter RMD for this account
On the "How much of This Distribution Applied to your December 31, 2024 RMD" select "Some of this distribution…" and enter the RMD amount (or select "The entire distribution applied…")
On the "Your 1099-R Entries" screen click "Continue"
On the "Did You Miss a Required Distribution From Any Retirement Accounts?" screen select "None of these plans failed to withdraw the RMD"

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jm152

Level 2

Thank you. I only wish I would have gotten an email advising that the software issue was fixed. I had to search again on my own.

VolvoGirl

Level 15

You need to go back through the 1099R entries and revisit all the answers. There was an update on Feb 20, 2025 that fixed the RMD problems. So if you have the Desktop program be sure to update it. The questions have changed so your prior answers won’t be right especially if you answered them with a work around to make them come out right. I would delete the 1099Rs and enter them again manually. That usually fixes it and resets the questions. Deleting has been fixing it for others.

sophie1218

Level 2

I'm reviewing my 2024 tax return and Turbo Tax keeps asking me about RMD excess accumulation errors. This is new to me. I don't know what they want. Can someone help me?

MayaD

Alumni - Intuit

If you’re age 72 or more, TurboTax will ask several questions when you’re entering your 1099-R information. Revisit that section to make sure you answered all questions regarding your Required Minimum Distribution RMD.

You can find the RMD amount on your 2024 Form 5498. This form is typically sent out by your retirement plan administrator or financial institution.

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