The 1099-R RMD computation in TurboTax appears to be incorrect. My RMD was 5217 and my entered 1099-R reflects a distribution of 6934, yet TT calculates a penalty?

Delete your 1099-R entry. If you're using TurboTax Online, then clear your Cache and Cookies and re-enter your 1099-R.

Indicate that 'yes, this distribution contains RMD' and 'all of this distribution is RMD'. On the next screen, when asked RMD amount, say 6934 (total distribution.

@flamodeo

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Why do I have additional taxes calculated when I enter a 1099-Q for 529 distribution when I have an offsetting entered 1098-T? This happens every year in Turbotax.

in Retirement tax questions

Expert does your taxes

Do it yourself

Resources

Support

The 1099-R RMD computation in TurboTax appears to be incorrect. My RMD was 5217 and my entered 1099-R reflects a distribution of 6934, yet TT calculates a penalty?

The 1099-R RMD computation in TurboTax appears to be incorrect. My RMD was 5217 and my entered 1099-R reflects a distribution of 6934, yet TT calculates a penalty?

Get more help

Do you have a TurboTax Online account?

The 1099-R RMD computation in TurboTax appears to be incorrect. My RMD was 5217 and my entered 1099-R reflects a distribution of 6934, yet TT calculates a penalty?

Do you have an Intuit account?

The 1099-R RMD computation in TurboTax appears to be incorrect. My RMD was 5217 and my entered 1099-R reflects a distribution of 6934, yet TT calculates a penalty?

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert