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Retirement tax questions
Hello Robert:
Thanks for your informative response. However, I am still a bit confused. Although I am filing form 5329 for a waiver on missing 2025 RMD (meaning to waive the penalty at 10% of the missing 2025 RMD on 2025 return) , this missing 2025 RMD is not included in the 2025 total 1099R (meaning the missing 2025 RMD is not included in 2025 income). Should I manually adjust the missing 2025 RMD on the 2025 return on1099R section though I did not have that 1099R in 2025?
Consequently, on the 2026 return, I can manually adjust the 2025 missing RMD to code P and enter code 7 for the 2026 RMD which will be taken in 2026?
Appreciate your elaboration so much.
a month ago