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Get your taxes done using TurboTax
Just enter the amount form Box 1 as the RMD as a work around. For 2024 it no longer asks if ALL of this is RMD. It asks for an amount.
If you enter $0.00 the software assumes you did not take the full RMD required and calculates 25% excise tax on the amount not withdrawn as required.
This has caused some confusion for many tax payers.
It does not affect your return with the IRS.
March 19, 2025
5:20 PM