- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
I have 2 different Rmds to take every year, one in the several hundred $ range and the other under a hundred to report, I received 1 Rmd the larger amount on time for 2019, I did not take the other smaller amount for 2019, my numbers are all wrong. I added the 1, I did not take the smaller amount twice, once on line 53 and then added it again on line 52, line 54 has a 0 and line 55 has a 0. There is rc on my line 54. So what I did was added the missed RMD, the smaller one, which I was to take by dec 31st. 2019, twice, once to what I actually got on line 54 on my 5329 form, then I added it got added again on line 52 on form 5329 as the total required distribution for 2019 that I was to receive, but did not. I have been drawing this for 4 years now and have never done this, I always had the right amounts on my forms and have always taken my RMDs on time!! The one I did not take, its not much, under a hundred$, I doubled that RMD. So, form 5329 is reported with the correct amount from the RMD I did receive for 2019, and, a double amount of the RMD, I did not take for 2019, once on line #53 then again on line #52. So, line 52 is over, under hundred $ and line 53 is over by the same under a hundred$ amount. I know I did wrong, I just do not know how to fix it, now that my return has been accepted, its not a lot of $$, but its still wrong!! I hope I did not confuse you worse, sorry!! Thank You for your help!!