DanaB27
Expert Alumni

Retirement tax questions

I reviewed your return. You entered a RMD amount required for the inherited Roth IRA larger than what is shown as distributed on Form 1099-R. 

 

To clarify, did you not take your full RMD for the inherited Roth IRA? If not then you need to take it as soon as possible. If you take it soon you can say "Yes I took the entire remaining amount during the correction window". Also, you can request a waiver of the penalty if you have reasonable cause. Please see Relief for Reasonable Cause for additional information.

 

@jfschultz 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"