When entering two separate 1099Rs (the second for the QCD) for one IRA account - when you enter the required RMD it concludes you have not taken the full amount - and does not then include the second code Y QCD 1099 for the same IRA account. It then calculates a penalty tax on 5329.
The only way I found to make it work is to use code 7 on both 1099's and split the required RMD between them. Then there is no penalty calculation. However, I don't like that as it's a Red Flag for IRS - since no number matches the total required RMD.
Any other solutions? or is this a program change required in TurboTax?
