My last message was a little confusing.....
To clear it up bit...
I missed my 2023 RMD as I thought it was on 'automatic' with Vanguard starting in 2023.
As I started my 2023 taxes in my TurboTax Premier on 1/29 I saw the 2023 RMD was NOT paid by Vanguard in 2023.
I called Vanguard on 1/29 and they withdrew my 2023 RMD and also my 2024 RMD with a 10% federal tax on both on 1/29. I have confirmation of the payments from Vanguard of payment and taxes paid.
I downloaded Form 5329 form 2023 but don't understand the amounts to fill in lines 52-55, and are they the only required lines to deal with?
Do I attach a waiver request with excuse for late RMD payment.
I see TurboTax Form 5329 has a Waiver of Tax Smart Worksheet where I can l add a 'waiver explanation request'.
Do I now have to mail-in my federal taxes with the 5329?
or can it be e-filed.
I also have the AZ state tax to complete. Would it be 'dealt' with by Turbo-Tax?
Does my Premier version 'deal' with this for an on-line e-file?
I also wonder how my AZ state tax process is affected by my mistake with the late RMD.
I am confused if my returns need to be mailed in because of Form 5329.
Thank you much for your patience.
