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TurboTax Returns a Wrong Total Distribution from Inherited IRA from what was entered.
When entering data for an Inherited IRA on TurboTax Deluxe 2024 for macOS, TurboTax screens state I took a TOTAL distribution that was actually my RMD, even though I withdrew more than my RMD. Then I get an error stating my "RMD should not be less than the distribution amount". It wasn't. My RMD was $5400 and I withdrew $11,000. I think this portion of TurboTax's query has an error. Wish I could add a screenshot here.
‎January 30, 2025
6:37 PM