In 2021 I rolled over 100% of an IRA and did not take an RMD even though I am required to do so. When reporting the event in Turbo Tax, the program asked if I took an RMD, acknowledged that I may be subject to tax/penalty, asked a few more special event questions, none of which applied, but then mysteriously said In am not subject to penalty or tax for not taking the RMD. How can this be true? Can I rely on that? No explanation was given.
