age error

[VolvoGirl]

Inherited?  Yes that is important to know.  That makes a difference.  Hopefully dmertz will come back and post more on that. We should have known to ask that and what code is in box 7.  

[JCFABF]

@VolvoGirland @dmertz code in box 7 is 4

[one_elmwood]

my wife has an inherited IRA, and she's had to take an RMD every year since she inherited it, well before any of the age requirements kicked in.

[JCFABF]

My wife would have had the same situation but the IRA was relatively small and there was no practical way to keep it so she had to liquidate it fully. That is reflected on the 1099-R as well. So the IRA no longer exists and all the proceeds are taxable in 2022. That's another reason why the RMD does not make any sense.

[dmertz]

If this is an inherited IRA, and is required to take minimum distributions from this IRA, if she completed the RMD then the proper answer would be that this is (probably) all RMD and (probably) satisfies all of the RMD.  It's probably that the TurboTax developers has messed up the wording of the message but not the reason for presenting the RMD questions.

[JCFABF]

@dmertzthanks for the clarification. I agree that my wife would have to take an RMD from her inherited IRA. The 1099-R indicated that she received a full distribution so that would make the RMD issue irrelevant, but certainly she would have been responsible for an RMD if she did not liquidate. The confounding issue for me was that by changing my birth date so that both my wife and I were under 72, the error message went away. This implies that the logic was looking at age as the determinant of the need for an RMD. I think the developers need to look into that issue since that would clearly indicate a bug. You could be right about the developers using an incorrect error message but that should not be influenced by my age, only my wife's age. Thanks again for your help with this.