nweiss
Returning Member

RMD reporting for withdrawals made before April 1

I turned 73 in 2024 therefore I was required to take the 2024 RMD amount ($10,000) before April 1 2025. I received a distribution of $2,000 in 2024, made a QCD of 3,000 on Jan 6, 2025 and took another distribution of $5,000 on Jan 22, 2025.  My 1099 reported the $2,000. Turbotax reported the difference between the total RMD ($10,000) and the amount withdrawn ($2,000), or $8,000 as subject to an IRS penalty and included this amount as a tax on Schedule 2 even though I met the required RMD rule. How do I report this in TurboTax?