I have five IRA annuities. On four I took more RMD than was required. On the fifth one I took less than was shown for that RMD. However, the total that I withdrew came to a little over the total that was required for all five. And yet, Turbotax is showing that I owe a penalty of over $400 tax on excess accumulations in my retirement account after I enter that fifth RMD. If the total is covered why would I be penalized?
