Hi Dave, I do have the RMD requirement, but your suggestion does not work as expected.
On the first form,
I enter an amount from one 1099, which is less than the total RMD
Next screen, I select that all of that amount was an RMD
Next screen, I enter the total RMD amount
Next screen asks if I "took out the entire remaining amount during the correction window." I entered yes.
Next screen, none to charity
This form is complete, and I move onto the next one
I enter "No, none of this withdrawal is an RMD
Next screen, none to charity
Next screen, I cashed it out (did not move to another IRA or return it to the same IRA)
Next screen, no I didn't put it towards an HSA
Next screen, not a 2023-24 disaster distribution
2nd form is completed. Several hundred dollars in tax due is displayed.
Next screen, no disaster distribution between 2021-23
Next screen, did not make/track nondeductible contributions to IRA
Next screen, "Let's check if met minimum distribution requirement." Total RMD displayed is twice what I entered, so I select "No" I then get the following message:
"We recommend waiting to file your taxes.
We're working on some updates related to required minimum distribution, but your can still work on other parts. . . .Please check back here later on."
Would you be able to let me know if what I describe above is correct and the SW needs update or if I didn't exactly follow your instructions?
