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Level 2
posted Mar 14, 2025 12:27:01 PM

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?

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1 Replies
Expert Alumni
Mar 14, 2025 4:18:46 PM

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