This is information that you need to know. For TurboTax to determine if you have taken the correct amount for an RMD there are many factors to consider, such as the amount you have in your retirement accounts, whether you are taking RMDs based on your life span or based on joint life span, if you have a spouse, if you have more than one retirement account. This is all information that the administrator of your retirement plan knows and calculates.
All the program needs to know to determine if you owe a penalty for not taking the correct amount is if the amount you took is correct for the RMD you are required to take.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
