I turned 73 Feb 2024. I didn’t start taking monthly RMD distributions from a traditional IRA until Aug 2024. Thus, the total RMD distributions are less than the total RMD distribution. I know I actually have until April 1 of this year (2025) to fulfill my 2024 RMD distributions. However, I’ve encountered an issue in TurboTax. I received a 1099R form for the distribution amount I did receive in 2024. After I enter the information from the 1099R form, TurboTax asks if the entire distribution was an RMD, Only part of the distribution was an RMD or None of this withdrawal was an RMD. I selected option 1. I then have to enter the amount the RMD should be. I am then asked if I took out the remaining amount during the correction (?) window or No I did not. I go through a bunch of other questions and get to an IRA Contributions Results. On that screen it shows a $126 tax on excess accumulations in retirement account. This is because the RMD distributions were less than the required amount even though I have until April 1st to withdraw the full amount. To make matters worse, when I get to Federal Review section, the data I entered for the RMD is flagged and I get in a loop for Check this entry. I may have to to a qualified tax person a TurboTax is not letting me get by the check info point. Doesn’t like if I selected Yes, I took out the entire remaining RMD amount during the correction window or No I did not. I spoke with a TurboTax Live Advice rep who was no help. Any suggestions out there?
