gtbell007
Returning Member

Failed to take RMD for Inherited IRA in 2024. Can Turbo Tax help?

For tax year 2024, I took my inherited IRA RMD 3 days late on January 3, 2025.  I know I need to complete Form 5329 and attach to my Form 1040.  Does Turbo Tax account for this situation; meaning, will I be able to use this form in the online version?  Or do I need the CD version?  Also, in the IRS instructions, it states the person must enter "RC" on the dotted line outside the box for line 55.  Will Turbo tax allow me to type "RC" on the dotted line so I can request a waiver?  Other thoughts?