I have 2 IRAs. I took my full required RMD (approx. $15K) from my first IRA; and I took more than my full required RMD from my second IRA (the account had only $17 so I took the full amt and closed out the account). I completed my return on TT Premium about 10 days ago and all looked good (taxes calculated correctly) but I didn't submit to IRS. I signed in today to find that my taxes owed had INCREASED by over $3K! I noticed that TT had assessed an RMD penalty! The questions changed and it now asks what I took for my RMD and if this was my full required RMD, to which I answered "yes" (for both IRAs), but then it proceeds to ask me questions about a "correction window" and then assesses a penalty. THIS IS INCORRECT: I took my full RMD as required for both accounts, and TT was calculating all of this correctly 10 days ago. WHAT HAPPENED??!! The only way to get TT to calculate the correct tax is to say that my required RMD was $0, which is incorrect, and I don't want to submit incorrect backup pages even though my tax liability would be accurate. HELP PLEASE! I am using TT PREMIUM through Fidelity Investments.
