jkellett2
Expert Alumni

Get your taxes done using TurboTax

If an account owner fails to withdraw a RMD, fails to withdraw the full amount of the RMD, or fails to withdraw the RMD by the applicable deadline, the amount not withdrawn is taxed at 50%.

 

In other words, if your RMD was $10,000 and was not withdrawn by the applicable deadline, the penalty could be $5,000.

 

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