I did not take all of 2016 RMD by 12/31/16. Can I file form 5329 with my 2016 return? Can TurboTax have all of the calculation done for my 2016 return?

[macuser_22 · Accepted solution]

Yes if you took part of the RMD and will receive a 1099-R.  When you enter the 1099-R you will be asked about the RMD.    Do not stop the interview at the 1099-R summary screen but continue and answer the additional questions.  When you indicate that you did not take the entire RMD you will get additional questions that will go on the 5329 form.

There is an explanation statement where you can explain the reason for missing taking all of the RMD and the shortfall has been make up (it has hasn't it - if not take the remainder ASAP).

Note: that you cannot fill out the 5329 form in TurboTax if you do not have a 1099-R to enter. 

[jtillitson]

Thank you ever so much.....