As of last night, Turbo tax has been updated but the calculations are still not correct. There is a new worksheet for the Form 5329 but the compilations do not populate the 5329 correctly. Additionally I don't think the Form 5329 calculation is correct. At least now you can manually enter the correct (called for) values in the 5329 and use the waiver process to tell the IRS why their tax calculation is incorrect. You have to read the desired information asked for in the on the 5329 in steps 52a/b and 53a/b very carefully, but if you enter the numbers as requested, it does not account for excess RMDs from other accounts that off set the excess contribution (RMDs not taken) from other accounts. Unless some more information and Turbo tax changes are forth coming, I intend to proceed as indicated.
