RMD report question

Forum|Forum|6 years ago
February 24, 2020
2 replies
21 views

My 70th birthday was in January 2018, and I made no RMD in 2018. In March 2019, I made the 2018 full year RMD. I then made the 2019 full year RMD in 2019. The 1099-R form I received from the same payer lumped the two years’ RMD into one sum.

I'm filing my 2019 return with TurboTax Premier. During the 1099-R interview, there is a message: “We noticed that you have a Form 1099-R from xyz last year, but you did not enter any information for 2019. Select Back to enter information for this payer, or select Delete and we’ll remove this form from your return.”

I think I need to separate the lump sum into 2018 RMD and 2019 RMD. The Back button does not seem to offer a way to do so. Please help.

Best answer by DeanM15

There are no special forms to file for making a Required Minimum Distribution by the required date. You can enter the 1099-R as written and as all RMD. There is no need to separate the figures on the 1099-R.

The deadline for the Required Minimum Distribution for the year you turned 70.5 was April 1, 2019. You made the distribution by that date and you made the distribution for 2019 by Dec. 31st. The IRS receives notice through the Form 5329 filed by your brokerage or bank.

DeanM15Answer

Level 10

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amt_bluesAuthor

Level 4

Thanks so much. I'll click Delete to remove the 1099-R form from 2018.

lynnerd

Level 2

How do I answer the question of "did I take my RMD for 2019?" when I didn't take it in 2019 because I had until April 1, 2020 to take it since it was my first year.