Thank you for looking at that @DanaB
(update below)
I'm confused...
I have (2) inherited accounts, one Roth, one IRA
The Inherited IRA 1099 is entered first. The TT wizard asks for "amount that was required to be distributed by December 31, 2024 from this account".
I took the full required RMD and entered same amount as the required amount.
(The TT wizards states: Note: Do not include the RMD for other retirement accounts you may have. RMDs for other accounts should be entered separately
The Inherited Roth IRA 1099 is entered second. The TT wizard never asks for the required RMD amount for the inherited Roth IRA. I don't know how/where/why TT is seeing a required RMD amount larger than what is shown as distributed. (I took the full required RMD from the Inherited Roth IRA)
-----update
ok, mystery solved, I think. Thank you for your help @DanaB ! Your comments helped me figure it out. The entry wizard doesn't ask for the required RMD amount (on the inherited Roth IRA). I re-entered the 1099s and there was no penalty this time. Upon doing return review, TT picks up the error (amount of required RMD missing) and asks for the required RMD amount. Not realizing it was specificallly asking for the required RMD amount just for the inherited Roth, I was erroneously entering the amount for the other. (scrolling down the inset window of the form helped clarify/confirm)
So, I think it is all correct now. Thanks for your help, would not have figured it out without your input. Hope this maybe helps anyone else with similar issue.
