I have 2 1099R; same company separate accts. While entering one, TT asks for RMD. If I enter 2024 RMD, TT adds penalty tax. Should I enter RMD for 1099R I'm entering?

agoodrich23 · ‎January 31, 2025

Since each 1099R only lists partial RMD withdrawals that add up to 2024 RMD, should I enter the RMD for each account? If I enter the total 2024 RMD while entering each 1099R, then TT calculates penalty tax.