Hi Katie P. -
Thank you for the response! Sorry this is late.... I'm a bit confused and just need some clarification on your response. I turned 73 in 2024 so would have had until April 1st 2025 to take my first RMD. Therefore, the money I received on January 3rd 2025 should qualify for that RMD - correct? If so, do I still complete Part IX lines 52 and 53 on form 5329? I believe I do but wondered because I technically did not miss my first RMD on that IRA. I don't know if it makes a difference but this was a small IRA from a previous employers payroll company and I took a full distribution to close it out
Also, I have another IRA that I took the first RMD, was paid on 12/29/24 and received my 1099R by mid January. That 1099R has been entered into TurboTax. Do I need to also show that RMD information on lines 52 & 53 of Form 5329?
Thank you so much for your help!
‎October 1, 2025
7:09 PM
