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New Member
posted Apr 3, 2025 4:21:11 PM

I took my RMD in November of 2024. Why am I being penalized for not taking it out. How do I correct things?

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1 Replies
Level 15
Apr 3, 2025 5:54:47 PM

to avoid wrongful penalty, for each 1099-R, tell TurboTax that the distributed amount is the calculated required amount.

OR

to avoid wrongful penalty, for each 1099-R, tell TurboTax that the calculated required amount is -0-..

 

@marylinestenson