I agree this is a major Turbo tax input and software problem. I have spent 4 hours with two different analysts at TT and if we input the two separate 1099s from the brokerage house (this year the sent a 1099 for the amount distributed to me which was taxed and a 1099 for the amount of the QCD) even using the Code 7 for the QCD amount TTax calculates a huge penalty on the Form 5329. (my QCD was about 1/3 of the RMD) On this last call the analyst opened an investigation after seeing how it is not working properly. The more people who call the faster they will fix it. I don t want to jerryrig 1099 entries and red flag to the IRS. I agree with those concerns expressed here.
on TT wHen I click help and don't get any info after a few inputs I get an option to call with a support ID number. I usually wait 10-20 minutes this time of year or they will do a call back. I have premier TT this year. Hope this helps other people.
