- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Thank you. I have deleted them and manually entered them, putting the full amount of my withdrawal, which was more than my RMD required amount, into the RMD Due on Dec 31 field and it still penalizes me 25% of that amount. Aside from the penalty, another strange thing is that it never asks me if that is "all or part of my RMD". It only says "If John's Ameriprise account was subject to a RMD, we need to know the amount that was required to be distributed by Dec 31, 2024 from the Ameriprise account. Do not include RMDs which are due on April 1. RMDs for the first year you're required to take a distribution are generally due on April 1. RMD due by Dec. 31, 2024 _____". Maybe if we can figure out why it says this and never asks me if it is all or part, that will help solve the problem of it not working right. If I put a zero in the RMD due field, it doesn't add a penalty and looks to me like my final forms are correct, but the fact that I am not answering the question correctly makes me uncomfortable that something will be wrong behind the scenes that I'm not aware of. Please let me know what you think. Thanks!