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New Member
posted Mar 24, 2025 11:53:23 AM

RMD for age 73 Turbotax instruction seems wrong

I am age 73 using Turbotax Premier.  I took the required RMDs in 2024 because I don't want to have two years  of distributions fall in 2025.  The instruction says to enter zero for amt due Dec 31,2024 because they aren't technically due until April 1.   If I enter zero then it doesn't allow me to assign this distribution to 2024 RMD requirement. If I enter the amt of the 2024 RMD then it lets me make the assignment.  I assume that Turbotax plans to do that when I file next year's taxes but I don't like making assumptions.  

0 4 1060
4 Replies
Level 15
Mar 24, 2025 11:56:46 AM

Yes enter the amount you took in 2024 for the RMD question.  Enter the amount from 1099R box 1 for each 1099R.   

New Member
Mar 24, 2025 2:17:14 PM

The amount in 1099R  Box 1 is the total withdrawal not the RMD for the account.  Looking at the RMD worksheets it doesn't appear that the step by step process is filling out the forms properly.

Expert Alumni
Mar 25, 2025 5:00:15 AM

You can enter the RMD for this account since you decided to take it in 2024. Please see these instructions:

 

  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 (ignore the April 1 statement since you took the RMD in 2024)
  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 1
Mar 26, 2025 8:26:25 AM

Thank you,  I had decided that I needed to do something like that.  It seems like there should be a direct way let Turbotax know that something is wrong.