@DanaB27 please review my post (did not tag you in it so I'm posting again - sorry.)
I am doing taxes for my deceased father. He has two 1099-R's from accounts that he took the required distributions from until his death. I have entered the amounts as they are on the 1099-R form but I am getting the Penalty notice (below) upon review. Can you help? My token # is 1299099.
We calculate a penalty of $3,616 based on the amount not distributed in 2024. However, if you can show the IRS that you missed the RMD due to a reasonable error, they may waive some or all of the additional taxes.
Thank you for any assistance - very much appreciated.
