mr11
Returning Member

Retirement tax questions

I wish that answered the question. I went back to TT 2023 - it had a different Q&A surrounding the RMD. IDK if RMD rules changed but no matter what I put in the RMD for an amount, I am taxed 25% unless I leave it blank. So it appears TT isn't recognizing there is an RMD at all and is treating any amount entered as penalty worthy. No, I am not up to the 25% tax bracket and even if I were, this has already had taxes taken out so while there could be some additional tax, certainly not an additional 25%.