A req. minimum distribution was not taken for 2018 for an ira account of my wife. How to report and ask for waiver of penalty?

Should I file form 5329?

posted

Connect with an expert

1 Reply

A req. minimum distribution was not taken for 2018 for an ira account of my wife. How to report and ask for waiver of penalty?

Take the RMD now if you have not yet, and it will be reported in 2019, and you will also need to do the 2019 RMD sometime in 2019.

Yes, file a 5329 and ask for a waiver of the penalty.

Still have questions?