MinhT1
Employee Tax Expert

Retirement tax questions

For tax year, you are compliant for RMD as you have until April 1, 2025 to draw your RMD.

 

In TurboTax, to the question: Could you tell us what the RMD for your account was in 2024? Answer $2,000 and not $10,000. 

 

This answer is correct as you have until April 1, 2025 to draw the balance.

 

You will then have no penalty.

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