@Maurice7 wrote:
In 2020 did not take the the full amount out for RMD due to relaxation of that requirement in2020.
Turbotax I am subject to a fine. Is that correct?
No penalty, just the tax on the distribution that was NOT a RMD. Be sure to answer the RMD question that no RMD required.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
