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Get your taxes done using TurboTax
I am replying to myself since I didn't have an opportunity to actually post anything.
Here's the problem. I have several accounts from which I receive RMDs. In some, the RMD and the QCD are the same, so the taxable amount is 0. TurboTax gets balled up when I enter zero in the taxable - gives an error re needing prior excess traditional IRA contributions when I run the final error check. It also seems to double the amount of the QCD though I'm not sure about that. A different account in which the RMD and the QCD are not the same has no problem when I enter the RMD minus the QCD amount in the Taxable box - no error and it gets the QCD amount correctly.
‎February 28, 2023
10:59 AM