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April 10, 2025
Question

RMD

  • April 10, 2025
  • 1 reply
  • 0 views

Answers I am finding do not appear on 2024.  I have multiple IRAs and did not take RMDs from all of them (taking the total due from one or more accounts).  Where do I enter the infol for the IRA I am not making a w/d so it does not appear that I have withdrawn more money than reqired?

 

    1 reply

    fanfare
    April 10, 2025

    Thre is no penalty for taking more than your RMD, as summed from the total of all 1099-R box 1..

     

    Due to TurboTax issues.
    to avoid wrongful penalty, for each 1099-R, tell TurboTax that the distributed amount is the calculated required amount.

     

    @LKathryn