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How Does Turbo Tax calculate my RMD that is shown on the Federal Taxes, Wages and Income page?

Turbo Tax shows my RMD to be $26,292 which is $15,492 more than my total distributions from IRAs.
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1 Reply
RachelW33
Employee Tax Expert

How Does Turbo Tax calculate my RMD that is shown on the Federal Taxes, Wages and Income page?

There was an issue in TurboTax with the RMD calculation when multiple accounts were involved.  A program update was released on 2/21/25, resolving this issue.  

 

Please review your 1099-R entries in TurboTax and complete all of the follow-up interview questions.  Once you are done updating your 1099-R entries, click Continue and answer those follow-up questions.  Once you have completed these steps, your RMD should be showing the correct amount.

 

If you’re still experiencing an issue, please post here so that we can assist you further.

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