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Error calculating TAX for RMD
I have multiple IRA accounts. I calculated the RMD amounts for each one, however I took a small portion of the required RMD from one account with less cash, and the remainder from an account with more cash.
I have always done this for years with no problem, since the tax code doesnt require you to take the exact amount from each account as long as you take the REQUIRED total.
When I enter this in TurboTax 2024, It shows a penalty due on one of the accounts and adds two thousand dollars of tax due. If I put the required amount in the field for each account, which is not where the money was taken from, it calculates correctly.
Am I going to have to scrap this TurboTax and do my taxes manually? I have been using TurboTax for MANY years, and can't believe how difficult it is to get support!