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1099: RMD due by Dec. 31 2024 question
Hi, I'm being prompted with the "RMD due by Dec. 31 2024" question after entering my 1099-R info.
I have only one Traditional IRA. Box 7 IRA/SEP is checked off. "Taxable amt not determined" is checked off.
Bank calculates my RMD every year for the past 15 years.
If I enter the 2024 RMD amount from my 1099-R in Step-by-Step I owe BUT if I go to the 1099-R form itself and enter Yes to the question "Entire gross applies to the 12/31/24 RMD?" and save the file then I don't owe.
I have the latest updates installed in TT as of 3/23/25 9:30 pm EST.
Is this a known problem in the Step-by-Step with this new 1099-R question?
March 23, 2025
7:01 PM