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Retirement tax questions
After working on several 1099s TurboTax does ask about the total of all the distributions designated as RMDs. It comes up with what it thinks is the total. The IRS has said that one does not need to withdraw an RMD for each IRA but just so the total RMD withdrawals equals what the sum of the RMDs is for all the IRAs. It is confusing and TurboTax did not indicate an error when running the check.
‎February 11, 2025
3:25 PM