My RMD was $572.79. I paid tax of $57.28 and received $515.51. Why is Turbo Tax telling me I have a error and need to pay more?

posted

Connect with an expert

1 Best answer

Accepted Solutions

My RMD was $572.79. I paid tax of $57.28 and received $515.51. Why is Turbo Tax telling me I have a error and need to pay more?

Do you have a 1099-R? Does it show 572.79 in Box 1? Also see:

https://www.irs.gov/pub/irs-tege/uniform_rmd_wksht.pdf

View solution in original post

1 Reply

My RMD was $572.79. I paid tax of $57.28 and received $515.51. Why is Turbo Tax telling me I have a error and need to pay more?

Do you have a 1099-R? Does it show 572.79 in Box 1? Also see:

https://www.irs.gov/pub/irs-tege/uniform_rmd_wksht.pdf

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post