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June 1, 2019
Question

RMD for 2016 is based on balance of IRA's as of 12/31/2015, not 12/31/2016 as requested in the question box. Turbo Tax is wrong. Correct me if I am wrong.

  • June 1, 2019
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1 reply

Employee
June 1, 2019

TurboTax does not calculate RMDs.  TurboTax is asking for your 12/31/2016 balance for a different purpose, to determine the taxable amount of your IRA distribution if you have basis in nondeductible contributions.