TT is desk top version. this is not inherited.
I entered the gross distribution and entered the rmd due on 12/31/2024 and the shows tax due even selecting the entire distribution still shows tax due. TT asked if we plan to withdraw the amount during correction window? The amount already distributed.
After reviewing the 5329-T form. There could be issue with the distribution code. My 1099R form distribution code is 7D (annuity payments...) . When using 7D, there is form 5329-T and under other qual. plan line does not show the distribution amount and shows undistributed RMD amount. This I compared to the previous year TT the same company 1099R, it does not have this issue and didn't have form 5329-T.
FYI if the distribution code is 7 without selecting D (annuity payments..) then there is not tax due and does not have form 5329T.
Please advise how to fix this issue.
Thanks.
