Question

Turbotax is calculating a penalty for an amount of non-distributed RMD in 2024, when it shouldn't be

Turbotax is calculating a penalty for an amount of non-distributed RMD in 2024, but I took at least enough or more to meet RMD requirement.

Please go back and review your Form 1099-R entries to make sure you have entered them accurately.

To get back to your RMD entries, please follow these steps:

Sign in to TurboTax and choose continue or Pick up where you left off
On the left side bar, choose Federal and then Wages & Income
Scroll through the Income section and select Add/Edit next to IRA, 401(k), Pension Plan Withdrawals (1099-R)
Click the edit pencil next to the 1099-R you need to change
Repeat for each 1099-R as needed
Be sure to walk through all of the follow-up questions