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RMD missed for 3 years, realized last year and pull full amount
My dad missed his RMD for 3 years (2017, 2018, 2019) because he was working and thought this didn't apply. Took out a partial sum to cover the RMDs in the missed years plus 2020 after realizing and has received a 1099R for the year 2020.
Does filing the waiver in form 5329 for 2020 cover the last 3 years, or would I need to file form 5329 for every year missed? If so, would the amount waived be the total RMD for the years missed (2017-2019). \
Lastly, what's the best way to file a 5329 using TurboTax?
Thank you so much!
March 1, 2021
11:33 PM