How does TurboTax calculate RMD for Tax Year 2022 without first knowing the IRA account value for December 31 of 2021? I downloaded my 2022 1099-R from my brokerage but that was all the information about my IRA account that was input to TurboTax. The calculation for 2022 RMD according to TurboTax was MORE than what was calculated by my brokerage and resulted in a 50% tax penalty for the amount of "required" RMD that was not taken. It seems that TurboTax mis-calculated the RMD for 2022. I also used an online RMD calculator for Tax Year 2022 and got the same figure as my brokerage did. Can anyone explain what happened?
