tlrunge
Returning Member

Retirement tax questions

I have two IRAs.  One is an annuity paying 5262.68 annually.  I toke that payment in 2020.  The ammia; RMD for this annuity is $3291.28.  I did not take the RMD from the second IRA.  The total RMD for the two IRAs is $11032.40.  My TurboTax know about the 2020 RMD, but keeps erring in the review and telling me I owe a penalty.  I checked the not an RMD box and that I'm not required to take an RMD, but it stiall errors.

 

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