If you filed using the TurboTax Online product, there is no automatic way to handle this.
You will have to manually create a form 5329 (get one from the IRS website).
Go down to Part IX line 52 and enter the RMD amount that should have been taken. On line 53 enter the amount of the RMD that was actually taken (probably zero if it was missed).
Then type on a separate piece of paper that you are requesting a waiver on the RMD penalty that would have been on line 55 on the 5329, giving our reason.
Print your return, add the 5329 and the request for a waiver, and mail it to the IRS.
You will not pay any penalty now until the IRS determines if it will grant the waver, then they will inform you if you owe the penalty.
If you are using TurboTax CD/download software, you can do the following:
Enter the forms mode and click on open form. Type in 5329. Choose 5329-T for the taxpayer (first person listed on your tax return), or 5329-S (for spouse - 2nd person on tax return).
Scroll down to Part IX line 52 and enter the RMD amount that should have been taken. On line 53 enter the amount of the RMD that was actually taken (probably zero if it was missed).
Then in the box right under line 53 "Waver of Tax Smart Worksheet" enter the same amount as line 52 (the RMD amount). Then click the "Explanation" button and enter the reason for missing the RMD and your statement requesting a waver.
You will not pay any penalty now until the IRS determines if it will grant the waver, then they will inform you if you owe the penalty.
@barrylyons
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