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RMD
In doing 2024 taxes I recieved a distributoion from my IRA. Per the IRA holder my RMD for the year was 8967 which I entered. I took a total distribution of $12,000 (1,000/mo). Turbo Tax said I owed an additionmal $2285 in taxes for my RMD. When I went back to the form question on RMD and entered the full distribution of $12,00 this additioanl tax requiement went away. I also have a pension which I belief does require an RMD. Wht did Turbo Tax say I owe additional RMD above what my hIRA Holder says is required?
‎February 23, 2025
5:59 AM