TurboTax has miscalculated my RMD resulting in additional tax. How can I correct this?

Forum|Forum|1 year ago
February 17, 2025
1 reply
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My financial advisor provided my RMD as $34483 however Turbotax software has calculated it at $67483, resulting in $3300 in additional taxes. Where and how can I correct this?

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 under your list of 1099-R's 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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