RMD Penalty

davecurry3 — Sun, 15 Feb 2026 21:16:55 GMT

TT is showing a penalty for my RMD. I have entered the same information as the last few years and no penalty has been assessed. I believe there may an error in TT. Please advise.

Re: RMD Penalty

ReneV4 — Sun, 15 Feb 2026 22:55:34 GMT

To report your Form 1099-R distributions for your IRA(s), including the amount of the RMD, do the following:

Return to your 1099-R entries by clicking Review to the right of IRA, 401(k), Pension Plan Withdrawals (1099-R) in the Federal Wages & Income
Click on the pencil to the right of the 1099-R
Click Continue through the entries you've made
When you reach, "Let's get more information about your Required Minimum Distribution (RMD), enter the amount of your RMD that was due by December 31, 2025, Continue. Only the RMD amount, no extras
On the next screen, "How much of this distribution applied to your December 31, 2025 RMD?", enter your RMD that you entered in the prior screen, Continue
When you reach, "Review your 1099-R summary, Continue (not the pencil)
When you reach, "Let's go over any required minimum distributions (RMD), Continue (not the pencil)

Follow the above steps for each of your Form 1099-R entries (if applicable).

If you still receive alerts about RMDs, be sure each number is exact for each box above.

If after doing the above steps, you receive alerts, you may go in and remove the Form 5329 (if one was generated), since you know it is all correct.

To delete Form 5329:

Go to Tax Tools on the right hand panel inside of TurboTax
Click on the down arrow and scroll down to Tools
Click on Tools and select Delete a form from the menu items that appear in the Tool Center
Click on the trash can icon to the right of Form 5329

topic Re: RMD Penalty in Retirement tax questions

RMD Penalty

Re: RMD Penalty