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January 30, 2025
Question

Total distributions from all my funds was 27648.49.Total RMD was 27314.49 Since I exceeded the required amount, why do I owe more?

  • January 30, 2025
  • 1 reply
  • 0 views
Some where the math is not correct.

    1 reply

    VolvoGirl
    Employee
    January 30, 2025

    Turbo Tax changed this year. When it asks about the RMD it is only asking for that one 1099R. You need to enter the amount in box 1 on that 1099R for the RMD, not the total RMD for all even if they would add  up to more.