Here is the information you need. If the RMD is received in January, 2022, then there is nothing to report in 2021. It will be reported in 2022 along with the RMD for 2022. You may be charged a penalty unless you can have the company correct the mistake and issue a 1099-R for 2021. If they actually made the payment in December, 2021, and you didn't receive it until January, 2022, then you should be getting a Form 1099-R.
Action Steps:
IF you receive the Form 1099-R in 2022 you will need to file a 5329 form and request a waiver of the penalty. (The waiver would only be denied if there is no reasonable explanation and the missed RMD was not taken at all.)
- Waiver of tax for reasonable cause. The IRS can waive part or all of this tax if you can show that any shortfall in the amount of distributions was due to reasonable error and you are taking reasonable steps to remedy the shortfall. If you believe you qualify for this relief, attach a statement of explanation and file Form 5329 as follows.
- Complete lines 52 and 53 as instructed.
- Enter “RC” and the amount of the shortfall you want waived in parentheses on the dotted line next to line 54. Subtract this amount from the total shortfall you figured without regard to the waiver, and enter the result on line 54.
- Complete line 55 as instructed. You must pay any tax due that is reported on line 55.
- The IRS will review the information you provide and decide whether to grant your request for a waiver. If your request is not granted, the IRS will notify you regarding any additional tax you may owe on the shortfall.
- Instructions Form 5329 - It would be unusual for you to be denied relief because you have a situation where this could easily be missed.
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