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Did not take RMDs
Yikes! I just learned that we probably should have been taking RMDs for years from my husband's IRA and two of mine. He has an MBA and Master's in Physics and was very careful when preparing our taxes. Now he has Alzheimer's and I must do the taxes. Is it possible there was a legitimate reason for not taking the RMDs?
What now?
I really want to get this cleared up even if it means paying oodles. 'Hate to be arrested for not paying taxes.
Thanks for any suggestions.
March 18, 2023
12:50 PM