5329 and failed to w/d from 401(k) an RMD

[DennisHank]

I calculated the right amount for my RMD however the total amount was w/d from IRA account and a portion should have been withdrawn from a 401(k); How do I report this and ask for a waiver? I tried 5329 but it won't let me enter the complete description for the waiver nor does it have the correct amounts shown; I turned 73 in November, 2025 and this is the first year for RMD and having to report on my taxes; I'm open to any and all help and thanks in advance

[fanfare]

your first RMD is due this April 1, If you took out nothing there is nothing to report.

Otherwise report the amount you did take, Form 5329 is not used.

@DennisHank 

[DennisHank]

For sake of discussion: my RMD for all my retirement accounts (4 different brokerages one 401(k) and 3 traditional IRA) was $170k; I did a withdrawal in December of $170k from one of the traditional IRAs (my advisor said I could do that);

I drew out the correct amount - it's just that I didn't draw a portion from the 401(k) .That number should be reported on my TT return-correct?  I still have the dilemma of the 401(k) since nothing has been withdrawn from it as is required.  Does that now get reported on my return for 2026? I will get a 1099 from the brokerage holding the 401(k) account (I checked)  although I withdrew nothing; I'm guessing that the 1099 will show the required amount of withdrawal?

Hope this helps you see where I'm still confused about how to properly handle this.

[VolvoGirl]

Update:  I missed it was the first year and not due until April 1 of the next year.

Sorry IRA and 401K are separate.   You can only combine IRA accounts.   You can’t take out from the IRA to cover the 401K RMD.   So you didn’t take the 401K RMD.  You need to file 5329 and pay the penalty.   And take the 401K RMD as soon as possible or you will owe the penalty each year you didn’t take the 2025 RMD.   So this year you have to withdrawal enough 401K to cover both the 2025 & 2026 RMD .    @dmertz  

[DennisHank]

thanks - Don't I have until April, 2026 to take my RMD?  I have already submitted the paperwork / request to take the RMD from my 401k that I should have taken separately when I did the other traditional IRAs in December.

If I do have until April, 2026- why would there be a penalty if I still take it prior to that date?

[dmertz]

fanfare is correct.  Because you reached age 73 in 2025, the deadline to take your 2025 401(k) RMD is April 1, 2026.  There is no late RMD to report for 2025, no 2025 Form 5329 Part IX needs to be to filed.  You have not incurred any penalty with regard to this.

[fanfare]

" will get a 1099 from the brokerage holding the 401(k) account (I checked)"

your 401k broker misinformed you . there is no 1099-R since you took no distribution. 

@DennisHank