When will TurboTax upgrade software to calculate total RMD for 2024? I have three separate RMDs from three separate investment organizations. 2 of 3 have been rolled over

Forum|Forum|1 year ago
February 11, 2025
1 reply
0 views

This is TurboTax's problem. Not mine.

maglib

Employee

RMD's are the responsibility of the user. All IRA's are considered one as per IRS so regardless that you may have 3 brokers, you are ultimately responsible for calculating that you withdrew in total the correct amounts.
TT does not do this calculation but, the IRS has plenty of worksheets to help

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-required-minimum-distributions-rmds

**I don't work for TT. Just trying to help. All the best. ***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.

johnnyb2311Author

I understand my responsibility to sum the total of all separate RMDs, but the TT software has a glitch on one of the forms and it continues to say words to the effect "we are working on it" because it cannot sum the three separate taxable amounts. The problem persists so I am going to print my return per TT instructions and file by mail. I cannot e-file because of the TT internal issue. But thanks for the reply. v/r, JohnnyB