turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes & Forms (2024) on Mar 19! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

faster555
Returning Member

I took the required $87M RMD the Turbo Tax system thinks I took out $174M how to I correct this error?

I took the required $87M RMD  the turbo Tax system thinks I took out $174M.  How do I correct this error.     thank You

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
KrisD15
Employee Tax Expert

I took the required $87M RMD the Turbo Tax system thinks I took out $174M how to I correct this error?

The number being reported is twice as as the amount it should be, so please look for a double entry. 

Look at the retirement income section to see if the 1099-R was entered twice, delete the extra one. 

 

You can dig through your return or look at your form to find the second entry. Only report your Required Minimum Distribution AFTER you enter the 1099-R and only as part of the distribution. 

 

Here is a link to delete forms using TurboTax Online (for Desktop switch to FORMS MODE on the top right corner )

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question