rmd withdrawal issues

[MarilynG1]

If you could be more specific about your issue, we'll try to help. 

If you have 'Taxable Amount Not Determined' TurboTax asks if the amount in Box 1 was taxable previously.  Unless you know that after-tax contributions were made, it's all taxable. If you inherited an IRA, the plan would know if after-tax contributions were made and that would show in Box 5.  

If your issue is RMD, when you enter your 1099-R, enter the Box 1 amount for 'RMD' and 'entire distribution is RMD'.  Neither the IRS or TurboTax knows what your RMD should be.  The IRS expects your plan administrator to insure that you take your RMD each year, so a penalty is rare and usually an exception is made.

@dshafer69 

[PeterO26]

I've been a TT  user for 20+ years. The RMD 2025 is a TT programming issue and they need to step up, own the RMD issue problem and stop ignoring their problem. One comment I read is looking good to me, spend $36 and purchase H&R Block tax program. It works with no RMD run around. Its also cheaper than spending  $60 for a TT expert to fix TT poor RMD Code.

I am very disappointed with TT for ignoring and not fix this obvious problem.  How many times does a user have to delete and reenter their 1099R.

[PeterO26]

I should have added to my initial post.  There is a screen with three RDM OPTIONS you can choose. First was stating that he's you did not take enough RDM. But the third is to request an exception and waver from the IRS. There is a very small box you can enter your reason. I am using this explaining mine and my wife's RMD are correct having verified with my financial institution and explaining this is a known Turbo Tax coding problem that they are not addressing or providing a fix. I stand by my 1099Rs as correct. I am confident in my documentation. The IRS can review and can honor the request. The penalty TT calculates is $559.  Shame on Turbo Tax.