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Retirement tax questions
I checked my previous tax filings using Turbotax. In 2016 I did the same thing on 2 IRA RMDs, IRA1 RMD $A Withdraw $B where A>B
IRA2 RMD $C Withdraw $D where C<D, but A+C = B+D
I entered the A,B,C, D, in the boxes, and the Turbotax calculated correctly in 2016
So this is a regression.
In 2024 Turbotax I first entered the data as above, and got the message of "we will help you with under withdraw tax calculation",
So I followed the workaround enter data as
IRA1 RMD $B Withdraw $B
IRA2 RMD $D Withdraw $D
But then after entering all the 1099-R data, I got the message saying my total RMD is A+D, not A+C.....
I usually file my tax at the end of February, hopefully these got fixed before that.
‎February 4, 2025
1:02 PM