dmertz
Level 15

Retirement tax questions

OK, I see what you mean about the new question.  This question asked during the entry of a particular Form 1099-R is asking about the the RMD for the particular account.  I agree that this page was badly designed by the developers since, in the case where an IRA owner had more than one of their own traditional IRAs, it does not take into account that an RMD for one of the individual's IRAs can be taken from another of the individual's IRAs (but not from an inherited IRA to satisfy the RMDs from the individual's own IRAs). 

 

To avoid TurboTax inappropriately generating Form 5329 Part IX, indicate the amount of this distribution that was RMD (no more than the entire gross amount amount).  However, if some portion of the RMD for a particular account was unsatisfied (because it was not taken from any other of the individual's IRAs) and Form 5329 Part IX needs to be prepared, you'll need to add the unsatisfied amount to the gross distribution amount when answering how much RMD was required for this account.