I called the IRS and was surprised to get through almost immediately. The first agent couldn't answer my question and put me through to the legal team where I was put on hold for just a few minutes. I got the answer that some of you already stated - the RMD from the TSP (similar to a 401k) cannot be combined with the RMD for the IRA. So, the extra amount I withdraw from the TSP cannot be used to offset the IRA RMD.
Therefore, the following TurboTax question, is very misleading because I am not allowed to combine these amounts (the TSP is a qualified employer plan):
Enter the total RMD and the amount you actually receive. Combine the amounts for all IRAs and qualified employer plans you owned and enter the totals below.
Required RMD Amount ___________
Actual Amount Received __________
The information I enter here is used to determine the additional taxes I owe for not withdrawing the RMD - which is a whopping 50% of the amount I should have withdrawn - and applying for the waiver on Form 5329.
How can report this to Turbotax so they fix/reword this question for next year?
