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R
ronc
Employee
February 5, 2025
Question

Previous years TurboTax selecting "all of this distribution was an RMD" was sufficient for a government pension. With 2024 return, TurboTax now wants actual RMD amount.

  • February 5, 2025
  • 2 replies
  • 0 views
why is this a requirement for the 2024 return?

    2 replies

    SteamTrain
    SteamTrain
    Employee
    February 5, 2025

    Yeah, they messed up those questions for 2024 in the software.

     

    When it asks for what the RMD amount was supposed to be, just indicate the same amount was the RMD...but don't enter the cents, just enter the flat $$ amount before the cents mark (truncate the cents....don't round up if 50cents or higher)

     

    That probably works until they get the questions re-figured to be less confusing. 

    It's been a real mess for folks with multiple IRA accounts.

    ____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
    SteamTrain
    SteamTrain
    Employee
    February 5, 2025

    And they are working on a fix...not sure what will happen, and whether it might take another week or two more to fix:

     

    Why am I getting an RMD distribution amount error?

    ____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
    R
    roncAuthor
    Employee
    February 8, 2025

    Thanks for your help.  That explains it.

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