I received a 1099R for a partial RMD made in early December 2022. The remaining 19k balance of my RMD was taken on 12/30 but the stocks sold did not clear before 12/31 and the RMD was reported on 1/3/23.
I have completed my Turbotax 2022 entries and it included a 5329 asking for a waiver of the penalty on the 19k.
- As the late filing will not include the 19k that was not reported in 2022, how will the IRS handle the additional 19k tax liability for 2022?
- Will they add the 19k income to my 2022 tax year filing and revise the tax I owe and bill me?
- If not will the 19k be added to my 2023 RMD??
Thanks for your help!!
