Hi,
Thanks for the input. TurboTax has certainly made inputting information on Trad IRD distribution(s) extremely confusing, if not actually wrong, when you have multiple Trad IRA accounts, QCDs, Roth Rollovers, and an AT Basis. TT seems to assume that everyone has only one Trad IRA account, they ask for information only one account and you are forced to answer the poorly worded questions incorrectly just to get the numbers to come out right. The never ask what the EOY25 total balance of all the accounts is (actually they ask but will not allow input) so I do not understand how TT can calculate the owed tax on the distribution since some of it not taxable and that depends on the basis and the value of the account(s). Please correct me if I am missing something.
I have tried answering "yes" to the question "was this distribution RMD" (yes is the wrong answer, or the question could be worded better. It did allow a follow to input any QCD money, but did not ask for the amount of a Roth rollover (this may not matter as far as tax liability goes, but might trigger any ofthe 5-year rules.
Question still remains, does TT need the total value of all my Trad IRAs to go along with the basis in one of the accounts to calculate the owed tax. If required, there does not seem to be any way to input the value.
