Retirement tax questions

@unsureof1099s 

Form 5329 should show the required amount that you failed to withdraw in 2021, calculated according to the type of IRA you have.  For example, if you were required to withdraw $5000 in 2021, and you actually withdrew $9000 in January 2022, the shortfall is the $5000 that you were required to withdraw but failed to withdraw in 2021.  That’s how the penalty is calculated, and that’s what you will request as a waiver.