I took more than my RMD, and paid an amount toward taxes (e.g., RMD = $628, took $650, and paid $585 of that amount to taxes, per the 1099-R). I'm getting a "Check this entry" for the RMD Excess Accumulation Worksheet to enter Required RMD amount, with I enter as $628, while the Amount distributed in 2024 box is blank (and can't be changed). I'm getting hit with a $157 penalty for not meeting my RMD, even though I did. How do I remove this penalty?
posted
last updated
March 14, 2025
4:46 PM