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January 28, 2025
Question

I have compleated my RMD for the Year 2024 there is no remaining RMD. What is excess accumulations in retirement account?

  • January 28, 2025
  • 1 reply
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    1 reply

    rjs
    Employee
    January 28, 2025

    Excess accumulation in a retirement account means you did not take your full RMD. The RMD questions in TurboTax for 2024 are confusing and lead to errors if you have more than one retirement account. TurboTax is working on clarifying the questions. There might be an update later this week. Go back through the questions next week and see if it still says you have excess accumulation.