Two separate TSP 1099R forms with different account numbers and different amounts that add up to correct amount distributed

[granitelake]

I received two separate TSP 1009R forms with different account numbers and different amounts that add up to the correct total amount distributed.  How do I apply the RMD using turbo tax?  Turbo Tax prompts about the RMD on both forms.  Do I apply the total RMD on just one of the forms or do I apply some of the RMD on one form and the remainder of the RMD on the second form?  I am not sure how to answer the questions about the RMD if I apply some on one form and the remainder on the second form.

[TomK2023]

The Thrift Savings Plan (TSP) is employer-sponsored plan (like a 401k), the "aggregation" rules are slightly different than they are for IRAs.

Be sure to enter both 1099-Rs exactly as they appear. Do not combine them into one entry.

Form #1: When the program asks "How much of this distribution was an RMD?", Select "The entire distribution was an RMD."

For Form #2: Select "The entire distribution was an RMD."

By selecting "The entire distribution was an RMD" for both forms, you are telling the program that "This specific payment was required, and the next payment was also required."  Added together, the program concludes that the total satisfies the IRSl.
 

Check you 1099-R Entries:

1. Open or continue your return.
2. Click on Tax Tools, then Click on Tools (bottom left corner), and finally, Click on Preview My 1040.
3. Check your Tax Summary, and look for Form 5329.
4. If you don't see Form 5329 (or if Part IX of that form is blank), you have successfully bypassed the penalty and reported the RMD correctly.

[granitelake]

Thank you for the information.   When I enter the second 1099-R form what do I enter in the field RMD due by Dec. 31, 2025.  I already entered the total amount in the first 1099-R form. Should I put zero for the second form or I do some kind of split of the total amount between the two forms that adds up to the total RMD?

[DaveF1006]

For the second 1099R form, here is how to enter. After entering the second 1099R, here is how to answer the followup questions when they appear. 

• When asked "Was this withdrawal an RMD?", select Yes. 
• On the screen "How much of this distribution was an RMD?":
• Select "The entire distribution was an RMD."
• Enter the "Due" Amount: In the box for "RMD due by Dec. 31, 2025," enter the Box 1 amount of this second form.

In this case, it doesn't matter how the RMD requirement was split. The IRS is only interested if your RMD requirement was met for the year.

[granitelake]

Thank you for the information.

I have filed the taxes now.