Most recent update seems to be fouling up 1099-R info

Forum|Forum|1 year ago
February 20, 2025
1 reply
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The recent update I downloaded this morning is totally fouling up all our retirement info, saying one of us did not receive an RMD, or received an insufficient one, when there was way more than the RMD removed from that account. (Then the tax due goes through the roof!)

I have four 1099-Rs to deal with. This is totally frustrating. Is there a fix other than deleting all 4, as previously mentioned, and re-entering? Do better, TurboTax!

RachelW33

There was an issue in TurboTax with the RMD calculation when multiple accounts were involved. A program update was released on 2/21/25, resolving this issue.

Please review your 1099-R entries in TurboTax and complete all of the follow-up interview questions. Once you are done updating your 1099-R entries, click Continue and answer those follow-up questions. Once you have completed these steps, the extra tax should be removed.

If you’re still experiencing an issue, please post here so that we can assist you further.

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