topic Premier software has an error in it. When retiree tries to enter his MRD Premier asks for VALUE OF IRA 12/31/2018?? This is WRONG. Should ask for $ value 12/311/2017!!! in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/premier-software-has-an-error-in-it-when-retiree-tries-to-enter-his-mrd-premier-asks-for-value-of/01/458380#M41956 Tue, 04 Jun 2019 23:21:29 GMT Nickado3 2019-06-04T23:21:29Z Premier software has an error in it. When retiree tries to enter his MRD Premier asks for VALUE OF IRA 12/31/2018?? This is WRONG. Should ask for $ value 12/311/2017!!! https://ttlc.intuit.com/community/retirement/discussion/premier-software-has-an-error-in-it-when-retiree-tries-to-enter-his-mrd-premier-asks-for-value-of/01/458380#M41956 Tue, 04 Jun 2019 23:21:29 GMT https://ttlc.intuit.com/community/retirement/discussion/premier-software-has-an-error-in-it-when-retiree-tries-to-enter-his-mrd-premier-asks-for-value-of/01/458380#M41956 Nickado3 2019-06-04T23:21:29Z TurboTax is asking the correct question for it's needs.... https://ttlc.intuit.com/community/retirement/discussion/turbotax-is-asking-the-correct-question-for-it-s-needs/01/458386#M41957 <P>TurboTax is asking the correct question for it's needs.&nbsp; This question has nothing to do with the amount of our distribution that is RMD; TurboTax does not calculate RMDs.&nbsp; TurboTax asks for the December 31, <B>2018</B> balance for one of two reasons, either to use it to prepare Form 8606 Part I or to determine an excess-contribution penalty if an excess IRA contribution was made.<BR /></P> Tue, 04 Jun 2019 23:21:30 GMT https://ttlc.intuit.com/community/retirement/discussion/turbotax-is-asking-the-correct-question-for-it-s-needs/01/458386#M41957 dmertz 2019-06-04T23:21:30Z