Extra tax on RMD

[Michael180]

I have one IRA.  I entered my 2025 RMD, the exact amount required and TT added 10% additional tax.  Will IRS refund the overpayment or will I have to amend the return to recover TT's error.

[xmasbaby0]

I PAID TAX ON THE RETIREMENT MONEY ALREADY

You had tax withheld from the distributions from the retirement account, just like when an employer withheld tax from your paychecks.  When you enter it all into the software, the calculations are done to reconcile the amount of income you received and the amount of tax that was withheld.  You might owe more or you might get a refund.

[Michael180]

No tax was withheld from the distribution as I pay quarterly estimated tax. My tax on the distribution is included based on my total income.