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Retirement tax questions
@AmyC I am getting so frustrated. I did enter the full gross distribution as my RMD, which it is. If I choose other qualified plan and enter my RMD (gross distribution), it charges me a 25% penalty on the full RMD (gross distribution). For example, if my gross distribution was $5000 and I enter $5000 as my RMD, the program says I still have $5000 remaining to meet my RMD. As I stated, it then asks me if I withdrew the remaining RMD within the withdrawal window. If I say yes, it charges me a 10% penalty. If I say no, then it is 25%. Either way, TT flags everything as an error. The only way for it to work is if I put 0 as my RMD, which is incorrect. On the worksheet, if I delete everything that it says is an error, then there is nothing showing that I had an RMD. The first error it encounters is the question asking if I had an RMD. The program tells me that I cannot answer yes.
It has been almost three weeks since the update that messed everything up came out. I need to get my tax return filed. Several of us have tried calling TT, but nothing they say for us to do works and it doesn’t appear that any thing is moving forward to get the problem solved.