Turbotax 2024 CAN'T HANDLE A MISSED IRA RMD WITHDRAWAL . It will not trigger a form 5329 to request a penalty waiver if you indicate a $0 withdrawal for your RMD. If you prepare the form 5329 yourself it will not include it in your required docs to be filed E or mailed. It keeps telling me to file later because they are working on this problem, as if this was rare. According to published data from IRS every year there is around 28% of filers that have a shortfall in their RMD's and need to file form 5329 to report it. WHAT HAS TURBOTAX BEING DOING ALL THESE YEARS?????? Its a very simple problem to solve just add a trigger to the software for this form whenever they
they see a shortfall in the step by step questions! Meanwhile I can't file my tax return with E file because they will not support this form so the only thing I can do is print the 1040 with docs supported and then print the 5329 separately and mail both together to the IRS. Be careful with answers online which says it will file the 5329 unless they are telling you how and you have tested. Most of the time they don't answer the question if it can be filed but instead explain how you can prepare yourself the form if you have the desktop form of the software which is not the question! I wonder if people who answer to questions or complaints EVER RED THE ACTUAL QUESTION.
BOTTOM LINE YOU CAN'T E FILE WITH A FORM 5329 INCLUDED IN TURBO TAX. PERIOD! You will have to print all your tax docs and file to the IRS by mail.
