Error calculating TAX for RMD

[wbmeredith]

I have multiple IRA accounts.  I calculated the RMD amounts for each one, however I took a small portion of the required RMD from one account with less cash, and the remainder from an account with more cash.
I have always done this for years with no problem, since the tax code doesnt require you to take the exact amount from each account as long as you take the REQUIRED total.
When I enter this in TurboTax 2024, It shows a penalty due on one of the accounts and adds two thousand dollars of tax due.  If I put the required amount in the field for each account, which is not where the money was taken from, it calculates correctly.
Am I going to have to scrap this TurboTax and do my taxes manually?  I have been using TurboTax for MANY years, and can't believe how difficult it is to get support!

[VolvoGirl]

Yes they changed it this year.  See these two posts by dmertz.  He has a handle on it.

https://ttlc.intuit.com/community/retirement/discussion/can-i-determine-why-turbo-tax-thinks-i-did-n...

https://ttlc.intuit.com/community/retirement/discussion/withdrawing-more-than-the-rmd-from-an-ira-bd...

[dmertz]

For each Form 1099-R, indicate no more than the gross-distribution amount (Form 1099-R box 1) as the amount of RMD required to be distributed from that account.  Presumably that will mean entering an amount less then the actual RMD for the account associated with the Form 1099-R for the smaller distribution and entering an amount larger than the RMD for that other account (but still no more than the gross amount distributed from that account) for which part of the distribution was to satisfy the RMD for the other IRA.  The sum of these two entries should be the total RMD required for the two IRAs combined.

[VolvoGirl]

@dmertz   What about if you didn’t take out the total RMD from all accounts like if you forgot one or took the wrong amount?  

[dmertz]

Then for one of the entries you'll have to enter more than the gross-distribution amount such that the total of the entries still equals the total RMD required.  The original question above indicated that the full RMD was satisfied, so my previous reply intentionally didn't address the situation where some amount of RMD remained unsatisfied.