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NAVY1988
New Member

Did not take 2019 RMD. How do I file that info and pay the penalty in my 2019 TT return?

The RMD is only a few hundred dollars, so the tax and penalty are low. How do i file it?

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2 Replies

Did not take 2019 RMD. How do I file that info and pay the penalty in my 2019 TT return?

if you missed an RMD, there is no income and no income tax.

File 2019 Form 5329 showing the missed amount and the penalty but request a waiver of penalty.

IRS always grants the waiver when you say you are taking action to resolve the issue.

NAVY1988
New Member

Did not take 2019 RMD. How do I file that info and pay the penalty in my 2019 TT return?

Thanks Fanfare, I was able to download Form 5329 from within TT Premiers, fill it out, and will include it in my return. I particularly appreciate your recommendation as regards making a request for waiver of the penalty, which I did.

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