tkpotter
Returning Member

Retirement tax questions

I experienced this also, but with a twist.  I'm completing a return for my deceased father.  I had all information entered last week, resulting in a refund of all his taxes paid.  I went in today to correct a slight error in the income tax withheld and all of a sudden he owes a very large penalty.  I did not change any other numbers.  I agree that something in the programming may have changed over the weekend.  Even if I indicate the entire distribution applies to RMD, it still calculates the penalty.  I have to change the RMD due by December 31, 2024, to zero in order to have the program calculate correctly.  I did not have to do that last week.