Skip to main content
March 1, 2025
Question

TT RMD Problem

  • March 1, 2025
  • 0 replies
  • 0 views

I submitted two 1099R forms into TT. One for a SEP-IRA and another for Inherited IRA. The Inherited IRA worked fine. However, for the SEP-IRA, TT is insisting that I didn't submit the gross distribution to the IRS that's shown on the 1099-R. It then goes on to compute a 25% penalty. Both form 1099-Rs were generated by Vanguard's RMD service.