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Get your taxes done using TurboTax
Patti - follow-on question. I entered the info as such and a couple of steps down the line TT asks another question about the same: “Tell us more about this retirement plan distribution” and goes on to state “You need to take a required minimum amount…..or be subject to a 50% tax”. My options are: I received all the RMD for 2021, I did not receive all the RMD for 2021 or I was not required to take an RMD for 2021. This seems counter to the other question? How is this answered based on the situation I noted earlier? Please advise and thank you again.
February 1, 2022
2:33 PM