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Retirement tax questions
@CharlieBarr wrote:
Where does TT account for this strange Don't pay, when we already did pay some. How to answer the TT questions so that TT will treat correctly?
It was a Partial RMD and NOT a Full RMD and I don't want TT to help me fill out a bogus form explaining why I complied with the law change. It does not make sense and no way to answer TT's perfectly good questions IN A NORMAL IRA YEAR, HOWEVER TOTALLY WRONG FOR 2020. TurboTax needs to change that portion of the 2020 program or tell us how to answer CORRECTLY
Thanks Should have been no surprise to the programing staff IMHO
Did you read the posts above? There is nothing to change. There is no "form" to fill out. For IRA's there WAS NO RMD for 2020 so the correct answer to the RMD question for an IRA is "none of this distribution was an RMD" or "RMD not required" for the 2nd RMD question.
That is the correct answer. It is already in the program.
Delete the 1099-R to reset then answers and re-enter.