MinhT1
Expert Alumni

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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