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Premier software has an error in it. When retiree tries to enter his MRD Premier asks for VALUE OF IRA 12/31/2018?? This is WRONG. Should ask for $ value 12/311/2017!!!
posted
June 4, 2019
4:21 PM
last updated
June 04, 2019
4:21 PM


1 Reply
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Premier software has an error in it. When retiree tries to enter his MRD Premier asks for VALUE OF IRA 12/31/2018?? This is WRONG. Should ask for $ value 12/311/2017!!!
TurboTax is asking the correct question for it's needs. This question has nothing to do with the amount of our distribution that is RMD; TurboTax does not calculate RMDs. TurboTax asks for the December 31, 2018 balance for one of two reasons, either to use it to prepare Form 8606 Part I or to determine an excess-contribution penalty if an excess IRA contribution was made.
June 4, 2019
4:21 PM
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