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Level 2
Feb 4, 2023 7:02 PM UTC
Question

IRA RMD

Mid 2022 I transferred my  IRA to another broker.  My first broker stated by RMD for 2022 was $9,283.43 and they distributed $6,173.36.  My second broker distributed $12,600 from my IRA.  I entered both in TurboTax specifying $3,110.07 of the $12,600 distributed was RMD.  Got error in Form 539-T Waiver on Tax line.  Lines 52 and 53 Minimum Required and Actually Distributed only shows the amount from first broker ($6,173.36) and not the entire $9,283.43 amount causing a error.  Is this a TurboTax error?  If not, how do I correct?

    4 replies

    Level 15
    Feb 4, 2023 7:10 PM UTC

    Say that both distributions were RMD’s. 

    jeffkmanAuthor
    Level 2
    Feb 4, 2023 8:16 PM UTC

    They are both set up  as RMDs.

    jeffkmanAuthor
    Level 2
    Feb 4, 2023 8:15 PM UTC

    Sorry , that was Form 5329-T Part IX.  When I removed reporting both broker accounts from I TurboTax return, it still showed $3,110 in box "A" under line 53.  Ouch!

    Level 15
    Feb 5, 2023 12:16 AM UTC

    These entries on Form 5329 are ones that you made.  Since you completed your RMD, just deleted the Form 5329.