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Retirement tax questions
It depends. If an account owner fails to withdraw a RMD, fails to withdraw the full amount of the RMD, or fails to withdraw the RMD by the applicable deadline, the amount not withdrawn is taxed at 50%.
The fourth quarter estimated tax payment was for estimated taxes owed for 2022, it did not take into account the penalty for the failure to take the RMD.
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‎April 11, 2023
6:58 PM