dmertz
Level 15

Retirement tax questions

If the waiver is granted, there is no penalty.  The amount on Form 5329 line 55 should be zero.  Because the 2023 RMD will have been corrected within the correction period, the penalty would be 10% if the waiver is denied.

 

Yes, the 2023 Form 5329 can be e-filed with the explanation.