Hi Turbo Tax,
Thanks for making the Distributions/Form-1099 R etc. features for 2024, 2 days ahead of schedule.
Here is the scenario:
My husband was supposed to get $2000 as RMD for 2023; and $1500 as RMD for 2024.
The investment firm screwed up and sent us the check for $2000 in 2024 (really the RMD for 2023).
They also sent us the check for $1500 for RMD 2024 before 12/31/2024. So far so good.
Now in Turbo Tax 2024 I am trying to enter the amounts (granted Form 1099-R isn't yet received, but I already know what it might look like)...I entered it as two separate distributions.
The way Turbo Tax asks the question:
1. There is no way to indicate that $2000 was really RMD for 2023 but received in 2024.
2. For RMD for 2024, I enter $1500 and it asks how much of that was RMD for 2024. I enter all of it was; and enter the actual RMD (for 2024) was indeed $1500 ...but it then says or thinks that RMD for 2024 was zero. It further thinks, he withdrew more RMD than was required. Overall, I think it is confused. On one hand it thinks he withdrew more and on the other it thinks he didn't withdraw enough (or he withdrew zero).
Please let me know if you are aware of this bug. And/or if you want me to record the exact series of questions and post it here.
Thanks in advance,
A very long time user of of Turbo Tax (albeit frustrated already).
