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Level 2
February 11, 2025
Question

TurboTax appears to be doubling my Required Minimum Distribution. Fix?

  • February 11, 2025
  • 2 replies
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    2 replies

    Level 15
    February 11, 2025

    Please follow these steps to enter the RMD:

     

    1. Login to your TurboTax Account 
    2. Click on "Search" on the top right and type “1099-R”
    3. Click on “Jump to 1099-R” and enter your 1099-R
    4. Continue until "How much of the $XXXXX was a RMD?" screen, select "The entire distribution was an RMD" (or select "Only part of this distribution was a RMD" and enter the amount of RMD) and click "Continue".
    5. On the "Let's get more information about your Required Minimum Distribution (RMD)" screen enter the amount of the RMD from this distribution again.

    For example, if you took $10,000 from one account to satisfy all of your RMD from different accounts then you select "The entire distribution was an RMD" and then on the next screen enter $10,000. Ignore the fact that the actual RMD for that specific account was less.  

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    crdwozanAuthor
    Level 2
    February 12, 2025

    Thank you for your prompt response. I wish it would have fixed the problem, but it didn't. I am more convinced that a software fix from Intuit is required. TurboTax, for me, usually simplifies filing matters but not in this case. I believe the questions asked that lead the non-tax expert to enter RMD data and the behind-the-scenes mathematical computation need work. When I click the radio button for "No it is not correct" I get a TurboTax response that TurboTax is working on a fix. I hope that is the case and not just a canned response.

    Again, thank you for your past and future efforts in helping me over this hurdle.

    Richard

    Level 2
    April 6, 2025

    Same thing happened to me. I had to file an amended return. Funny how the amended return worked. 

    Level 2
    February 18, 2025

    Go into the actual tax form by clicking forms in the upper right-hand corner of the screen.  Then go to form 1099R Summary, Line 44 and enter in the correct RMD amount.  This amount should now appear when you go back into Turbo Tax and are shown what your entered RMD amount is.  I spent a lot of time trying to make the change through Turbo tax between my IRA and an inherited IRA.  I hadn't withdrawn enough to cover double the amount of the RMD and so the program was ready to create new forms for the penalty I would have had to pay!  What a pain.

    Level 2
    February 3, 2026

    The same thing happened to me.  I had to go into the form and find the IRA "RMD Excessive Accumulation Worksheet".  Line A asks for the required RMD amount.  (That doubles the RMD).  Line B is the solution.  It asks for the "Amount Distributed in 2025".  You have to enter the RMD amount there as well.

     

    It's looking to see if you took more or less than you were supposed.  I assume there is a penalty if you don't withdraw the entire RMD.

    Level 2
    February 26, 2026

    This solution doesn't work for the 2025 tax return.  I noticed that when I get to the "Do any of these situations apply to you?" screen and click on "I inherited this IRA", it doubles the RMD in the forms.  The only fix I've found is to NOT click on this answer, and in fact, not click on anything.   That fix gets me to the correct taxable amount for the RMD.

     

    This seems like a software fix is required.  If anyone has a better solution, please share!  Thanks.