Gary-O
New Member

Submitted Form 5329. Failed to take MRD in 2014/15. Paid the tax. Received 1099's for 2016 tax year for the combined MRD's. How do I address this issue on my 2016 1040?

As I've already paid tax on the late IRA distributions, reflecting the 1099 revenue on my 2016 1040 is just going to add more tax unless I can somehow show credit for the Form 5329 taxes I paid last August.  Anyone know how this is address on my 2016 1040?