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Turbo Tax is appears to be handling each IRA distribution and RMD on a case by case basis, rather than aggregating as intended and approved by the IRS.
Turbo Tax is handling each IRA distribution and RMD on a By using the current Turbo Tax approach, when a single IRA distribution fails to satisfy its corresponding RMD, Turbo Tax computes the tax for failing to distribute the appropriate funds from the IRA. The correct approach is to aggregate IRA distributions and aggregate RMDs, then make the comparison. I have both called and written Turbo Tax with assurance that the process is correct, when it obviously is not.
‎February 6, 2025
1:45 PM