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M
matulevich
February 22, 2025
Question

Is RMD software wrong? My rmd was 50 and I withdrew 90. Software said I owe on excess retention. I obviously did not retain any. Any one else with this issue?

  • February 22, 2025
  • 1 reply
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    1 reply

    D
    DanaB27
    February 23, 2025

    The RMD section has been updated please go back to your 1099-R entry and review the follow-up questions. At the end of the interview you should be able to select that you took all of your RMD and this should remove any penalty:

     

    1. Click on the "Search" on the top right and type “1099-R” 
    2. Click on “Jump to 1099-R”
    3. Review your entries and continue through the questions
    4.  On the "Review your 1099-R info" screen click "Continue"
    5. On the "Did You Miss a Required Distribution From Any Retirement Accounts?" screen select "None of these plans failed to withdraw the RMD"
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