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Retirement tax questions
Thank you. I have paid more than the required RMD. When I get to the last screen in the RMD section, it never asks me if I paid the full RMD. It only says " If John's account was subject to an RMD, we need to know the amount that was required to be distributed by Dec 31, 2024. Do not include RMDs which are due on April 1. RMD due by Dec. 31, 20024" and then there is a box for me to enter an amount. If I put anything besides 0 in that box, it immediately adds a 25% penalty of whatever number I put in that box. I have tried putting in the same amount that I withdrew, and it adds a 25% penalty of that amount. I am using Turbo Tax Deluxe on a PC. What would cause it never to ask if I paid the full amount or not? I have read many posts about people talking about the question if whether they paid the full amount, but I never see that in my version of Turbo Tax and I am current with my updates. What could cause that? Thanks!