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Aggregated RMD - How To Input in TT
Hi, TT experts
Due to the confusion experienced by users of TT on how to input their RMDs I have a question as well. Please read below.
I have 3 IRAs but I withdrew my total due RMD from only one of those account, which caused generating 1099-R from that account. The other accounts didn't generate 1099-R as I didn't withdraw anything from them.
While inputting info for that single1099-R I followed the software's instruction to specify RMD based on 12/31/24 balance in that account. However, the actual RMD from that account was greater than that amount.
The question is how and where to specify the difference between the actual RMD from that account and the RMD based on the account balance on 12/31/24?
I think that TT programmers overlooked cases like mine or similar.