RMD error

[carolbogdan2]

FYI, I've been using the online version.  Do you think using the desktop version now would fix the issue?

[DawnC]

There is still an issue being worked on - see this TurboTax FAQ

Or if it deals with code 7 in your 1099-R - see this TurboTax FAQ

@carolbogdan2 

[Thriftymee88]

As of today, 3/16/2025, the RMD error is still occurring. Would this be a workaround for those of us that are having refund coming instead waiting for the TT fix ?

Here's the Scenario:

IRA #1: RMD1 =10,000  Actual Distribution =15,000 (1099)

IRA #2: RMD2 = 5,000   Actual Distribution = 3,000 (1099)

IRA #3: RMD3 = 7,000   Actual Distribution = 4,000 (1099)

So when TT ask for the RMD for each IRA, enter the 1099 amounts so that they match the actual distributions. I don't believe the IRS cares which IRA combinations  the distributions comes from as long as the gross RMD is satisfied.

[carolbogdan2]

Thanks, but that doesn't seem to work for me.  Mine are inherited, box 7 "4D" Death-Non-qualified distributions.  For inherited IRA's, pensions etc., you must calculate the RMD separately for each account, which I have.  Based on your suggestions, I tried shorting one RMD by $5 and increasing one by $5 so they tied in total, but I am still getting the errors:

- Says I owe a large penalty and then the loop begins again.  (I do not owe a penalty, all RMD's taken.)

- Type of account should not be selected.  (No choice for non-qualified, but "Other" was used as TT said)

- "Yes" RMD should not be selected (really it should)

- RMD amount should not be entered (it should, I've tried -0-, a few dollars up and down, nothing works)

If I take the data out per above, I get errors saying I need to pick a type of account (403B or Qualified dist.)

If you have another suggestion, let me know.  Thanks.

[Williek]

Didn't work..I have one IRA, one RMD....added one dollar said no and the IRS threat is still there 

[Thriftymee88]

Sorry, your situation is very different. I am afraid it’s beyond my limited knowledge. 

[Moff1013]

Check the code in box 7 of the 1099R.

Mine was erroneously designated as Code 2, which applies only to people 59 1/2 years old or younger.

Should have been Code 7 for normal distribution.

When I changed to 7, program worked perfectly. It wasn’t TurboTax that was the problem but my plan administrator. The error had gone on for a decade but only became issue this year cause I turned 73 and rmd law kicked in