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Retirement tax questions
@Critter-3 wrote:
Failure to take an RMD in 2021,2022 or2023 are all waived ... a form 5329 is not required if the missing distribution is taken by 3/1/24.
Are you sure that's true? The penalty for failure to take an RMD on an inherited IRA is waived, because those rules have not be finalized. I was not aware that all RMD penalties are suspended.
‎January 5, 2024
2:02 PM