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 Jan 22, 2023 2:15:36 AM

What is the form that has to be filed once you are 72

0 3 284
3 Replies
Level 15
Jan 22, 2023 4:46:23 AM

There is no particular federal tax form that has to be filed when you reach age 72.

Level 15
Jan 22, 2023 5:39:14 AM

Are you asking about entering a 1099R for taking the RMD out of your retirement account?

 

To enter your retirement income, Go to  Federal> Wages and Income>Retirement Plans and Social Security>IRA  401 k) Pension Plan Withdrawals to enter your 1099R.

Level 15
Jan 22, 2023 5:59:45 AM

The form that has to be filed is Form 5329 if you failed to meet your second or later RMD requirement.

If you turned 72 in 2022 you still have until April 1 to meet your first requirement and you would not need the form.

@GregJB