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March 17, 2025
Question

why do i get a penalty for an rmd I took?

  • March 17, 2025
  • 1 reply
  • 0 views
My RMD was 1900, I took 2 distributions. I was for the exact RMD, the other over. I recvd one 1099R. Why is TT showing a penalty?

1 reply

JohnB5677
March 17, 2025

Were both distributions included on the same 1099-R?

 

If so, there are questions as you go through the interview

  • Let's get more information about your Required Minimum Distribution (RMD).
    • RMD due by Dec. 31, 2024
    • Did you post $1,900
  • How much of this distribution applied to your December 31, 2024 RMD?
    • Some of this distribution applied to the December 31, 2024 RMD
    • Enter $1.900
       

This should clear the error

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March 17, 2025

The total distro was over 25k.  The original was everything but the Oct $1900 RMD.  both were on the same 1099-r?  I did not get asked questions about that on my interview.  Should I just delete it and add it again?

 

March 17, 2025

Yes, it may be best to delete the 1099-R and re-enter using the information above.  @crolysinitaly