Quiggers
New Member

RMD

Turbo Tax is telling me that I am under reporting my RMD by $40 and is saying a penalty is due:

1. The amounts I have entered are directly from the 1099-R forms sent to me.

2. I have entered over $90,000 ...how can this program determine that it is off by $40?

3. How can Turbo Tax determine amounts due, since they do not have access to my 401K total amounts as of December 31, 2024?

4. How do I get around this block point in your program?