Hi grifftax17
First of all, sorry for the long post.
As you have already surmised, there is no "acceptable" solution that works right now. Short answer- it has to be fixed by Turbo Tax.
Details,
Some of the proposed workarounds have merit for a subset of people, and some are just plain terrible. I have distributions that are comprised of RMD, Roth Conversions, QCDs, and rollovers, and none of them work for me. I am going to file for an extension if the fix doesn't come in time for me.
Let me start by summarizing some of the repeatedly offered solutions that don't work for me.
*** Answer the question YES for "Have you satisfied the RMD requirements?" I did this and TT still populates the important form 5329 incorrectly resulting in an undeserved penalty.
****Enter alternate values that force one of the pages to show the full RMD requirement correctly. Still, Bad 5329>penalty.
****Enter 1099r Box 1 value for either RMD required, or RMD taken, or both, or some combination. This can be manipulated to eliminate the penalty and form 5329, but it does not result in correct Total RMD requirement, proper Roth Conversions, or valid required IRS forms. And it triggers TT review issues due to the mismatches in the forms that can't be fixed.
But I do have an answer to your question "What can we do?"
The short answer is that Turbo Tax has to fix it, and <DawnC Employee Tax Expert>says "We are modifying the RMD section of TurboTax. ". Look at the second post from this link, and you can sign up for notifications.
https://ttlc.intuit.com/community/retirement/discussion/re-i-have-multiple-iras-in-total-i-have-with...
It would also be helpful if you called Turbo Tax on your issue to get another ticket on this issue. I have copied the previously posted method that seems to work the best to contact them below.
Turbo Tax phone support with automatic case assignment-
Open Turbo tax>Help on top ribbon>Turbo Tax Help Center>Ask the bot your question
Ignore the bot answer and scroll down to and click "Get Even More Help".
State your question again, and select "Call Us"
A phone number is then supplied with a case number. When I called this way I got very good support and the history was in my account when I called back later. Be sure to ask your agent to elevate the issue once they agree it is broke. You may have to call back a couple times to get someone who understands the issue.
Note: my post was changed by TT because it had "invalid HTML", so I apologize if the links don't work.
