Intuit,
You have not responded on this message. Please respond if you agree this is a Turbo Tax problem, and when a correction will come out.
I have the same issue. So I don't disclose my personal details I put in these test numbers.
IRA 1 has RMD of $11,000, distribution was $3,000, all applied to RMD;
IRA 2 has RMD of $20,000, distribution was $28,000, all applied to RMD;
Clearly the full RMD of $31,000 is paid. Even though I answer that question YES, I paid my full RMD, Form 5329 calculates an underpayment of $8000 and a tax (penalty) of $2000 from IRA 1, and ignores the over payment of $8000 on IRA 2.
Please do one of two things for me:
1)Agree that the behavior of TT is incorrect and provide a correction date or
2)Tell me what I should do to make it work.
If you can't reproduce this problem, please contact me for more information, because this is a real issue for me.
Thank You!
