Skip to main content
March 28, 2025
Question

Why a RMD tax penalty, when moneys are not due until 4/1/2025?

  • March 28, 2025
  • 1 reply
  • 0 views
Turned 73 in October with no moneys due until nest April, so why the penalty?

    1 reply

    fanfare
    March 28, 2025

    Due to issues with TurboTax,

     

     

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

     

    @bnvoliver