RE 1099-R entry-withdrew fm 3 accts. After ea 1099-R entry TT asks for total amt RMD then won't do the math & implies deficiency & adds taxes due. Paid tax at time w/d.

[LAS_123]

Total RMD pd in 2024; no deficiency; no IRS demand for deficiency; no "correction period" applies. TT still piles on taxes on alleged deficiency since it won't do the math & use total 1099-R distributions. When will this issue be fixed?

[VolvoGirl · Accepted solution]

For the RMD questions just enter the amount that’s on that one 1099R box 1 not the total RMD.  It’s asking for each 1099R this year.   

[LAS_123]

It was very confusing because this is 1st time in 5 yrs of reporting RMD that TT Premier asked for total amount of RMD for any given "account" or tax year.  It's never asked that question.  Once I changed my entries to just amt in Box 1 of each 1099-R, then it did reduce tax owed with each changed entry.  Thank you.