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Get your taxes done using TurboTax
Thank you. What's interesting is that based on the information I input during the TT interview, including the date I inherited the Roth, TT says my RMD is zero. And I only have the one account at this time that requires an RMD. I assume there is a flaw in TT where it thinks the waiver applies to all inherited Roth's, not just those subject to the 10 year rule.
I will pull Form 5329 into my TT return and fill in the required info. In my case, I took most of the RMD in 2024, but did a slight miscalculation and I missed about $1,700. Penalty will be about $170 so no big deal.
‎February 16, 2025
6:09 PM