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Required Minimum distribution
If I run my prelimary return without entering 1099-R forms it shows I owe a 25% penalty since I have not taken my RMD. Fair enough. If I enter a 1099-R showing my withdrawal equal to the RMD, it increases the RMD by the amount of my withdrawal. The penalty stays the same. I have tried both entering and not entering my RMD amount in my 1099-R. In either case it increments the RMD.
This does not work.
Any ideas?
Topics:
3 weeks ago