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Question

Can I explain excess accumulation in retirement accounts on turbo tax

Forum|Forum|1 year ago
March 22, 2025
1 reply
0 views

explain excess accumulation of retirement accounts to irs

TurboTax Deluxe Online

Employee

It could mean you didn’t take all your RMD out of your retirement accounts. Did you get a pension? It will ask if it the RMD. Say yes, all of it is the RMD. Anything they pay you is considered to be the RMD. I would go back and delete all the 1099R forms and enter them again Manually. That usually fixes it especially if you imported any forms. And there have been recent program updates that fixed the RMD problems.

Employee

[ ]

Employee

Sorry.

Once you request the waiver, then you enter the explanation in the place provided.