agent414
Returning Member

Retirement tax questions

Hi MaryK4,

 

Yes, I answered the interview as you described and the RMD Excess Accumulation Worksheet D did have IRA checked.

The problem was that when the program checked my return for errors prior to filing, it was requiring that I fill out the RMD Excess Accumulation Worksheet A (Required RMD amount).  When I entered this number, the program was then requiring me to answer the question immediately above the RMD Excess Accumulation Worksheet which asked "If this is a distribution from a traditional IRA or qualified retirement plan, and ....".  The problem is that the distribution was from an inherited Roth IRA, so the question does not apply and I was stuck - the program was making me answer a question that did not apply.  Without answering it, I could not file my taxes.  In any event, I ended up putting a 0 in the RMD Excess Accumulation Worksheet A (Required RMD amount) even though I did have an RMD.  I know my RMD was correct, but by putting a zero in that field, the worksheet ignored the questions about RMD.  It did not affect my bottom line taxes.  Maybe subsequent TurboTax updates addressed this issue - I do not know.