I'm running a check of my 2019 taxes and it's presented me with IRS 5329-T and a message, "Waiver of tax should not exceed the minimum required distribution shortfall". There's an amount in the Waiver of tax box that I don't recognize/ can't identify but the amounts in Part IX, lines 52 & 53 are the RMD that was withdrawn during 2019 as my husband's share of an inherited IRA. He took the minimum RMD necessary.
His Mom died in 2018 and the inherited IRA was split between him and his sister equally. In 2019, they each withdrew at least the minimum RMD from the inherited IRA.
Turbotax Deluxe is installed on my PC.
I've searched the internet and these message boards for possible explanations but I can't find anything that makes sense.
Thanks in advance.
Can anyone help or make suggestions?
