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Question Regarding Traditional IRA Balance as of Date Requested by TurboTax
I am utilizing TurboTax Premier 2024. I have several Traditional IRA's which each require an RMD for 2024. During the process of entering information, TurboTax asked the question what was the total balance as of 12/31/2024 of all of my Traditional IRA Accounts combined? I am confused. If I am reporting RMD payments for 2024, shouldn't TurboTax ask what was the total balance as of 12/31/2023 of all of my Traditional IRA Accounts combined? I went back to try to correct the information, but now I can't find where I entered it previously. Why the incorrect balance date and where can I correct it? Thank you.
‎February 9, 2025
7:43 AM