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Retirement tax questions
Only if this was your first RMD, you would have a grace period to April 1 of the following year. See HERE under Q3.
In your case, you would be subject to a 25% penalty unless you can prove that the reason that the reason the distribution
was not taken was due to a reasonable error. You must file form 5329 and attach a letter of explanation. See HERE under Q9
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‎January 29, 2024
9:05 AM