- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
I already did that - several times.
Once again - this is not the answer. I think the program is confused by my birthdate. I didn't turn 73 until after April 2024. So I wasn't required to take anything during the 2023 filing. I did take it -after I turned 73 in July 2024 and it is reflected on the 2024 taxes. I really could have waited until 2025 - and have taken two RMD's. The iRS allows that. But I didn't want to get hit with more taxes next year. Once again - I took more than the IRS said I had to - and it was reflected on the 1099 for 2024. And had them take out an additional 30% of tax so I woudln't get hit with under withholding. Turbo Tax keeps asking me I want to wait a letter requesting a explanation and a request for a waiver of penalty - for what? I didn't do anything wrong.
Thanks to all of you I appreciate your attempt to be helpful. But the software has a bug in it.
But you can consider this matter closed. I went to another tax service. entered the exact same mounts and e-filed. And my return has already been accepted by federal and state.
Best to all of us.