The sponsor of the plan did not process RMD until 2019 and I had to report the missing RMD from 2008 -2018 in 2019. RMD have been processed each year since. I got a letter and the liquidation check in December 2024.
If the 10 year rule does not apply because the inception of the account was in 2007, do I simply record the 2024 total liquidation of the account as a 1099-G distribution and do not need to complete a Form 5329 for excess accumulation??
