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Level 1
January 9, 2023
Question

How do I request a waiver of the penalty for not withdrawing my RMD in time?

  • January 9, 2023
  • 2 replies
  • 14 views
I failed to take my RMD by December 31.  I have requested my RMD today.  Can I request a waiver of the penalty for not taking the RMD?

2 replies

Level 15
January 9, 2023
fanfare
Level 15
January 9, 2023

you have to file 2022 Form 5329 with your tax return, request the waiver of the amount of the shortfall ,

and attach an explanation statement.

 

TurboTax makes this difficult.