☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 1:10:02 PM

Did not take all of the RMD 2016 until early Jan 2017 due to oversight with a new custodian. Requested a waiver of fine on form 5329

How do I report the missing RMD amount that I took in Jan 2017?

0 1 575
1 Best answer
Level 15
Jun 4, 2019 1:10:03 PM

It will be reported as income on your 2017 tax return, the tax return for the year in which the distribution actually occurred.  This income will be included on a Form 1099-R that you receive near the end of January 2018 along with the RMD that you take for 2017.

1 Replies
Level 15
Jun 4, 2019 1:10:03 PM

It will be reported as income on your 2017 tax return, the tax return for the year in which the distribution actually occurred.  This income will be included on a Form 1099-R that you receive near the end of January 2018 along with the RMD that you take for 2017.