Withdrawing more than the RMD from an IRA BDA

[ceilpie]

I have 3 retirement accounts. In total I withdraw more than the RMD for all 3 accounts but take more out of one and less than another. TurboTax program says that I owe taxes for not taking the full RMD. I did not have this problem in the past and have been using TurboTax for the past 10 years or more. Your answer seems to be saying I have to enter incorrect information into the return to avoid paying a tax. Can you confirm that this is the correct (although not correct) entries I have to make?

[VolvoGirl]

For the RMD questions just enter the amount that’s on that one 1099R box 1 not the total RMD.  It’s asking for each 1099R this year.   

[ceilpie]

So I have to enter the amount I SHOULD have taken from that account, not the amount of RMD I actually took from that account? I wonder why this was not a problem in the past as that I always put in the amount I actually took for each account. Did the law change this year?

[rjs]

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@ceilpie wrote:

I wonder why this was not a problem in the past as that I always put in the amount I actually took for each account. Did the law change this year?

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@ceilpie 

The law didn't change. The RMD questions in TurboTax changed. It used to just ask whether you took your full RMD, yes or no. This year it asks for the amount that you took, but it does not take into consideration that the RMD could be taken from a different IRA. See the long post by dmertz above.

[ceilpie]

Thanks!