Thanks rmcc852!
I was able to get by the error yesterday but I’m not exactly sure why as the information I re-entered was the same.
My scenario was that my total distributions exceeded the RMD. For example:
$40,000. 00 = RMD
$50,000.00 = Total Distributions
Number of IRA Accounts = 1
TT Deluxe Desktop Retirement Account Questions:
TT Question: Was the withdrawal an RMD for 2024?
Selected: Yes, some or all of this withdrawal was an RMD
TT Question: Tell us how much of the $50,000.00 Paul received applies to the RMD that needed to be taken out.
Options
A) All of this distribution was an RMD
or
B) Part of this distribution was an RMD
I selected option B.
TT Question: Let’s get more information about Paul’s Required Minimum Distribution (RMD).
Paul received a distribution of $50,000 from this account. If Paul’s total RMD for 2024 was more than the amount taken out, there might be additional taxes to consider. What was the required distribution for Paul’s account in 2024?
I entered the RMD of $40,000.
In any event I’m all set. Thanks again for your reply.
