- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
RMD expressed in dollars and cents
TurboTax asks user to enter RMD amount as a follow up to 1099R entry. Then elsewhere on 1099r worksheet it generates, it drops the cents and then has an issue since that number is less than the RMD amount ! The only way to satisfy the system us to leave off the cents which isn't totally accurate. On same worksheet, in RMD section there is a line B where this same number is used and called the distribution. I believe the correct number here would be either the whole distribution or the whole distribution less the amount converted to Roth.
‎January 31, 2025
4:56 PM