Sorry if I’m confusing everyone!
My question has nothing to do with estimated tax payments. And Medicare Tiers has nothing to do with these questions other than the higher your income, the more you have to pay for Medicare payments, which is based on your income from the year prior. So you can ignore these two issues.
IRS says you have two required RMD payments the year following the year you turned 73. The first payment is REQUIRED to be made April 1 and the second by December 31. IRS also says you can make the April 1 payment the same year after you turned 73. Let’s just say you made that payment 12/31 of the year you turned 73.
Since it’s not a required payment at that point, all the responses about putting in”zero” to the TurboTax question about required payments seems correct. My question is how will the IRS know the next year that your April payment was already made before it was due and you should only need to make the December payment? It seems TurboTax should include some indication for the next year that first payment was already made.
As the original poster said, the intent is to spread out the two payments into two years, as allowed by the IRS, so you don’t have two payments in one tax year. I don’t know how to make this any clearer!
