1040-US: Computing required minimum distributions

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How do I compute required minimum distributions for 2022?


To compute a required minimum distribution for the following tax year, perform the following steps.

  1. Input data entry on Screen 1099R in the T, S, Payer’s name, and Account number fields.
  2. Enter X in the Print Required Minimum Distribution Worksheet for this unit field on Screen 1099R-3.
  3. Indicate which Type of plan the account is.
  4. Enter the Value on 12/31/22 for the account.

    Note: This field only applies to the Required Minimum Distribution (RMD) Worksheet and is required in order to compute the RMD. For use on Form 8606 for Traditional IRAs or on Form 5329 for Roth IRAs, enter this amount on Screen IRA.

  5. If the taxpayer/spouse is the original account owner, then answer the Is spouse the sole beneficiary of the account? question. Otherwise, input data on the type of Type of beneficiary the taxpayer/spouse is for the account, and the deceased original owner’s name, date of birth, and date of death.

Depending on your client’s circumstances, the Worksheet for Owners or the Worksheet for Beneficiaries will calculate the RMD based on the data you enter.

Note: UltraTax CS uses the Required Minimum Distribution (RMD) Worksheet to compute the amount required to be distributed from the account for the following year. To override the default calculation from the worksheet, enter the desired RMD amount in the Required minimum distribution (Force) field on the 1099R-3 screen. Then the tax application does not calculate the worksheet, but instead uses this amount entered to display directly on line 7 or line 21 of the worksheet, as well as the Required Minimum Distribution (RMD) Summary.

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