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Deductions & credits
I followed your instructions after installing the latest version of TurboTax. No errors. The RMD for this account was $18,380. $8,300 was distributed out. The total QCD amounts ($50k) are larger than the amount that should apply to the remaining RMD ($10,080). My return now has a Form 5329 Additional taxes on Qualified Plans. Part 1 line 2 has $1,119 with exception number "12". I don't see the $1,119 elsewhere and don't know what this form is for and if it is the result of the cash distributions and QCDs. Still confused.
March 12, 2025
8:55 PM