I took a late RMD for tax year 2017 in Feb. 2018. Do I report the RMD amount on form 1040 AND form 5329, or only on Form 5329?

CG31 · ‎June 1, 2019

dmertz · ‎June 1, 2019

This is 2018 income that is reportable on your 2018 tax return. Your 2017 tax return should only include Form 5329 Part IX with a request for waiver of the excess accumulation penalty.

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CG31 · ‎June 1, 2019

Thank you dmertz!

I took a late RMD for tax year 2017 in Feb. 2018. Do I report the RMD amount on form 1040 AND form 5329, or only on Form 5329?

Retirement tax questions

Retirement tax questions