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RMD Reporting
Using Deluxe, TurboTax asks if the entire amount was a RMD. Even after checking YES, the next page shows a prompt with a vague question “What was the required minimum distribution for (name) account for 2024?” Followed by an entry box with the prompt “Required Minimum Distribution Amount”
The question implies the total RMD for ALL accounts. In my case what I took for the 1099R at issue is only a fraction of my total RMD. If I enter that total, the tax calculations are incorrect. If I enter the total RMD on the remainder of my 1099Rs, things are really wrong.
If on the prior page if I say that the total withdrawal was an RMD, I don’t believe I should be seeing this subsequent page.
January 28, 2025
6:46 AM