Do I pay income tax on a missed RMD on the return for the year I missed it (2019), or the year I take it (2020)? This is not including the 50% penalty tax on form 5329.
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Do I pay income tax on a missed RMD on the return for the year I missed it (2019), or the year I take it (2020)? This is not including the 50% penalty tax on form 5329.
Do I pay income tax on a missed RMD on the return for the year I missed it (2019), or the year I take it (2020)? This is not including the 50% penalty tax on form 5329.
Please see this link. The years are different, but the procedure is the same.
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