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Retirement tax questions
Did you not take the full RMD from your accounts? Is Turbo Tax telling you that you didn't take enough RMD and giving you a penalty? That's been happening a lot this year because they change the way to enter 1099R forms. Did you get more than 1 1099R?
When it asks about the RMD it is only asking for that one 1099R. You need to enter the amount in box 1 on that single 1099R for the RMD, not the total RMD for all. Even if they would add up to more.
‎February 1, 2025
9:55 PM