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Retirement tax questions
Unfortunately I'm still seeing this problem. Here's the sequence of screens/info I went through, with dummy amounts to illustrate.
NOTE: It seems that TT is possibly tripped up comparing rounded versus actual numbers, possibly doing a string compare instead of an actual number? I tried entering the rounded number as the RMD to start, but that didn't seem to work either. See notes below in green on what I'm seeing.
Hopefully this helps isolate the issue:
First few screens and responses...
(x) Someone else who passed away Name: XXXX Year person passed away: 2020
(x) No, you didn't have any nondeductible IRA contributions
(x) XXXX was born before January 1, 1951
How much of the $XXXXX.XX was an RMD?
(x) Only part of this distribution was an RMD
RMD amount: $1234.56 <-- If I round this value, it appears to be recorded as $1235.00 when navigating back
Let's get more information about your Required Minimum Distribution (RMD)
From what you shared earlier, you received $1234.56. If your total RMD... Could you tell us what the required minimum distribution for your account was in 2024?
Required Minimum Distribution Amount $1234.56 <--- This is what I entered, but TT records $1235 (rounded, w/ no decimal places) if I navigate back to this screen... I think it's trying a comparison and finding "1235" is not equal to "1234.56", which then leads me to the next screen (which it should not).
Just a few more details about your RMD
It looks like the difference... for this account is $1235. This amount could be taxed...
remaining $1235 during the correction window.
Did you take out the remaining $1235 during the correction window?