How can I recalculate line 7 on form 8960 of the Form 1041 for a trust. Turbo tax has populated it and I don't know if it is accurate. It is a credit of $17,337

It sounds like you're having trouble with Form 5329-T recognizing your RMDs in TurboTax. Here’s what you can do:

Log in to TurboTax: Ensure you're logged in for the links to work.

1. Check Entries:
   1. Click the edit pencil icon.
   2. Ensure both 1099-R forms are entered correctly.
   3. Make sure you indicate that the distributions are RMDs when prompted.
   4. Ensure the RMD amount is entered correctly.
   5. Answer the question about periodic payments correctly.
2. Verify information on your Tax from:
   1. Go to Tax Tools > Tools > View Tax Summary.
   2. A summary of your 1040 should pop up in the left panel.
   3. Scroll down to Additional Taxes and ensure additional taxes are removed.
   4. Double-check the entries on your 1040 and Schedule.
3. Delete and Re-enter: If the error persists, use the trash can symbol to delete the 1099-R forms and re-enter them.

Let me know if you need any more help.