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Returning Member
posted Jan 24, 2025 6:01:22 PM

so when will the rmd calcs be fixed

so when will the rmd calcs be fixed

 

 

0 4 938
4 Replies
Level 15
Jan 24, 2025 6:02:53 PM

What problem are you having?   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.   

Returning Member
Jan 24, 2025 8:11:19 PM

it asks the questions for every 1099-r I have.  i have several but only one is an IRA.  It requires RMD.  For some reason, TT adds up the taxable amounts for all of the 1099-r.  Then it tells me I owe taxes for the penalty.

Returning Member
Jan 27, 2025 8:55:00 AM

is there a reply?

 

Level 15
Jan 27, 2025 10:01:23 AM

Supposedly it is being worked on.

 

BUT...for the 1099-R forms that are NOT from an IRA.

 

(Assuming you did no rollovers during the year)

1)  Edit each of those (that are NOT from an IRA) and on the follow-up pages after the main 1099-R form, just indicate that  all the distribution was the RMD, and that the RMD taken is the amount showing in box 1.

 

2) then edit the 1099-R for the IRA, and if it was all an RMD, indicate that and say the box 1 $$ was the RMD amount.

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Do not try to combine the RMD $$ total for the IRA is including the non-RMD 1099-R forms....the IRA has to be figured based solely on your IRA accounts.

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Try that and see what happens.....that is, unless you did some rollovers during the year, then I'm not sure how to do it and get it working right....(haven't tried)