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Turbo Tax RMD calculation
We have 3 IRA accounts. We did not take the complete RMD amount for two, and none from the other. When entering the amounts taken and then the calculated RMD amounts, Turbo Tax calculated that I owed 50% of the shortfall. What is that? I did not see any instruction about possibly omitting the input of the original RMD amounts.
‎February 5, 2021
12:52 PM