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purdycm
Returning Member

turbotax says i didn't take my RMDs,but I did. however, I took them from different accounts than might be usual. i think turbotax is wrong now what? I'm stuck.

hypothetical: 3 ira accounts, RMDs of 100, 200, 300 one distribution of 600 from one of the accounts covers the total rmd. turbotax claims there is a failure to withdraw & is assesses a penalty
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turbotax says i didn't take my RMDs,but I did. however, I took them from different accounts than might be usual. i think turbotax is wrong now what? I'm stuck.

Turbo Tax changed this year. When it asks about the RMD it is only asking for that one 1099R you are entering.  On each 1099R you need to say Yes it was the RMD and only enter the amount from box 1 on that single 1099R for the RMD, not the total RMD for all and even if it is more or less than the total.

 

See this post by Expert MinhT1

https://ttlc.intuit.com/community/retirement/discussion/taxation-on-rmds/00/3457522

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