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Returning Member
posted Mar 9, 2025 9:36:47 AM

Next year's Required Minimum Distribution Included in Estimates?

Does Turbotax take into account the RMD for an IRA for the next tax year when calculating estimated tax payments? I keep owing taxes every year getting estimates that are too low and I think this may be part of the issue. It asks to see if I have met this year's RMD or else I'd be penalized.

 

I think Turbotax should ask about this and, based on a person's age and IRA value, calculate the RMD for the next tax year and add this to calculations for estimated tax payment amounts.

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