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MelSuz
Returning Member

How do I fix TurboTax not recognizing RMD was fully taken, since it was taken from four different funds within one IRA?

The amounts taken from the four funds (all in one IRA account) add up to the correct RMD. But TurboTax is not adding up the four withdrawals and applying them all to the RMD. (Last year's situation was the same, and TurboTax had no issue with this at that time.)
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2 Replies

How do I fix TurboTax not recognizing RMD was fully taken, since it was taken from four different funds within one IRA?

Turbo Tax changed this year. When it asks about the RMD it is only asking for that one 1099R. You need to enter the amount in box 1 on that 1099R for the RMD, not the total RMD for all.

MelSuz
Returning Member

How do I fix TurboTax not recognizing RMD was fully taken, since it was taken from four different funds within one IRA?

Thank you for your reply.  That worked perfectly!

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