RMD calculations in 2024

[annoyeduser]

The Wages and Income/1099-line states, "Tell us the Value of your traditional IRA" and enter the balance as of 12/31/2024.  It should be 2023 because that is the amount used to calculate the RMD in 2024.  After inputting an IRA balance, the RMD value that is calculated is exactly TWICE what the IRS tables specify.  This incorrect calculation results in a penalty tax of several thousand dollars.   Does anyone have any idea when this will be corrected?

I have used TurboTax for years and I am extremely disappointed with this new version of the software.  

[AmyC]

To sign up for progress updates, see Why am I getting an RMD distribution amount error?