In Q4 of 2024, due to switching from TD Ameritrade to Charles Schwab (CS) , the automatic withdrawal of my MRD did not happen as CS needed a new form filled out. As soon as I figured out the MRD was not taken out, I had CS complete the transaction in Jan 2024 including the federal and state withholding.
What do I do for my 2023 taxes? Do I need to complete a Form 5329 for my 2023 taxes? Do I wait until 2024 taxes? Will I get penalized? When I search within Turbo Tax it's not giving me any help.
Can someone here provide assist or insight?
Thanks.
