No. You should not fill out Form 5329. Required Minimum Distributions (RMDs) are the minimum amounts that IRA and retirement plan account owners generally must withdraw annually starting with the year they reach age 72 (73 if you reach age 72 after Dec. 31, 2022). You stated you did take the RMD in January.
Form 5329 is the tax form used to calculate possibly IRS penalties and possibly request a penalty waiver.
You use this form in three situations:
- Early distributions from a tax-favored account
- Excess contributions to a tax-favored account
- Failing to take required minimum distributions.
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