@KimTVU
Yeah, I noticed that when entering the data into a 1099-R form that was empty of any $$ to start .
When making the first entries on the form, the software has done some, but not all the calculations ...yet
Then when entering that non-zero RMD amount (35,000 in my test file) on the page that notes the 1 April date, the tax due rachets (mine at least) to a huge tax due...
That's just a strange quirk of the software....and works out OK if you go thru the pages that follow
_________________________
Investigating right at the point when I first entered that 35,000 RMD amount, when my tax due ratcheted to a big number, I found that a form 5329 has been generated, indicating a huge penalty for not haven't taken the actual RMD...because I hadn't gone to the next page yet where
......on the next page you indicate in a bullet point, that entire distribution was the full RMD amount, the software then recalcs eliminating the Penalty form 5329 entirely (in my case it had added over $8000 due before clicking that bullet point)...and the final calculations proceed properly.
When I edit the form a second time...and just stepping thru not changing anything, there's no ratcheting of the tax due/refund, because I've already hit the button on that one page indicating all of it was my RMD.
Yeah...TTX might make the flow proceed in a way that doesn't panic us somehow...but I'm not a programmer, and perhaps it needs some better management oversight of the user experience.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
