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kfbrady
Level 3
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  • "The 25% tax is a penalty tax for not taking an RMD on time. Go back to your 2023 and carefully review the entries you made. Compare the your entries with your ...
    kfbrady
    Updated Mar 20, 2025
  • That is strange! But I'm glad you got it sorted out.I'm far from an expert but the only differences for inherited IRAs - that I know about at least - are that t...
    kfbrady
    Updated Mar 20, 2025
  • 1) Does the RMD amount show on your 1099? None of my 1099s show it and typically you have to calculate it, or get it from your investment company or financial a...
    kfbrady
    5
    Updated Mar 20, 2025
  • I agree. It sounds like TurboTax botched the fix!And of course, there can still be an RMD on an IRA with no distribution, which sounds like something they never...
    kfbrady
    7
    Updated Mar 20, 2025
  • I don't believe that's the "real problem".TurboTax just needs to total all the distributions, total all the RMDs, and then compare the two totals. Exactly how m...
    kfbrady
    9
    Updated Mar 20, 2025
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