There seems to be a problem if you have more than one Traditional or Rollover IRA account.
It looks to me like Turbotax computes a RMD for each Traditional or Rollover IRA account you have and assesses a penalty if you don't take the computed RMD from any one account. This is incorrect; your RMD should be computed from the total value of all your Traditional/Rollover IRA accounts.
I ran into this problem --I have two Trad IRA accounts and took a disproportionate part of my RMD from one. I had taken the correct RMD based on the total value of the two accounts, but Turbtax assessed me a $600+ penalty. I fixed it by going into the forms view (which is available in Turbotax Deluxe) and manually changing the two RMDs so that the RMD for each account was equal to what I took out of that account. I lost a lot of hair figuring this out.
