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Retirement tax questions
I am having the same problem now with the latest update. The real problem is not being addressed, which is that the RMDs for all IRAs can be withdrawn from a single IRA account. When this is done, there is only one 1099-R for that single account, so there cannot be any "matching" to 1099-Rs possible. What Turbotax needs to do is, when asking what you are doing with the amount remaining, have the option to say "Used it to satisfy the RMD for my other IRAs". There still is no balancing to the RMDs for the other IRAs. Only the 5498s have the information needed to balance. At least with the additional option, you would be able to document that the remainder of the withdrawal is going to RMDs for other IRAs. I am describing the case where a single IRA account is used to satisfy all RMDs. This would apply to any situation where at least one IRA did not have a withdrawal to satisfy its RMD, and, therefore, there is no 1099-R for it. All the "Used it to satisfy the RMD for my other IRAs" document that the remainder of each withdrawal is going to satisfy the total of the RMD amounts for all the IRAs