- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
The missed required minimum distributions (RMD) should have been reported in each year to which they applied. To correct this, you would have to amend the returns from 2015 forward to report the penalty applicable to each year.
For the current year, you would not have a penalty since you withdrew everything. So, TurboTax will not calculate a penalty for the current year, since none applies to it.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 29, 2021
4:23 PM