dmertz
Level 15

Retirement tax questions

It makes the most sense to enter $33,703.28 as the amount required, although entering any amount less than or equal to $34,000 would work just as well since $34,000 was distributed.  Since no part of an RMD required to be taken in 2024 went unsatisfied, the goal is to provide an answer that will prevent TurboTax from preparing Form 5329 Part IX, an any amount that is less than the amount distributed will do that.

 

Entering $34,000 would probably make more sense if the difference between $33,703.28 and $34,000 was used to satisfy the RMD for a different IRA.