I have encountered the same problem. The program calculates an erroneous RMD penalty with respect to my inherited annuity contract even though I respond that all of the amount I received in 2024 was an RMD for this account. I found that I can force the program to eliminate the penalty by responding in the interview that the RMD for this account is zero.
Although there is in fact a required minimum distribution for this annuity (again, the amount of the RMD equaled the amount of the actual distribution), I can see no downside to this workaround, since to my knowledge it does not affect any forms on the tax return or the accuracy of the tax return as filed. I would welcome any thoughts.
I should note that I also have an inherited IRA and a pension plan with RMDs (which were received in full) that the program does not generate an erroneous RMD penalty for. I may have completed the step-by-step interview for these before the Turbotax program was recently updated, but I am reluctant to revisit the step-by-step interview for them to see if a problem occurs.
