Where can I see how TurboTax calculates my RMD? It disagrees with Vanguard, produces a "we calculate a penalty of $XXX based on the amount not distributed..." message.

[emilyeevans247]

Vanguard calculates my RMD every year and distributes the full amount on a schedule, but this year TurboTax calculates that I owe a penalty since it thinks I did not take my full distribution. I can't diagnose the issue because I can't see how or where TT calculates my RMD. Thanks!!

[AmyC]

On the 1099-R worksheet. You want to look at all worksheets. Choose to see everything, not just forms.

To print or view  your forms:

• In desktop, switch to Forms Mode. 
• For online:
  1. On the left side, select  Tax Tools
  2. Select Print center
  3. Select Print, save or preview this year's return
  4. If you have not paid, select pay now.

[VolvoGirl]

Turbo Tax gets the RMD amount from what you enter.   After you enter a 1099R it asks how much was the RMD.   Do you have more than 1 1099R?  If you get a pension say all of it is the RMD.  Anything a pension pays you fulfills the RMD.   Go back and check all the 1099R you entered and the follow up questions.  There have been a couple major updates in the 1099R section so you may need to change your answers.

[fanfare]

Due to TurboTax bugs,

to avoid wrongful penalty, for each 1099-R, tell TurboTax that the distributed amount is the calculated required amount.