I turned 73 in 2024 and I took my first RMD distribution in December of 2024. I'm trying to enter the amount into my return and it keeps showing the amount as an " RMD excess accumulation" in the excess accumulation box of the 1099-R form. I thought excess accumulations were a penalty when you don't pay your RMD on time. Is the RMD supposed to show up in the "RMD excess accumulation" box when paid on time? CONFUSED!
