anna7
New Member

Turbo tax figured a penalty on an RMD distribution taken in December 2022. A check was sent to the IRS January 2023. Why would I owe a penalty of $179 dollars?

what is the penalty for an RMD distribution taken in Dec. 2022 and an estimated tax paid paid of $7500.  by the fourth quarter of estimating taxes.  No distribution was taking before December 2022.