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posted Mar 7, 2025 11:37:23 AM

Do we have to take out the amount RMD by Dec 31,2024?

I don’t know if we took anything out or not so how can I go on?

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1 Replies
Level 15
Mar 7, 2025 12:32:06 PM

You are penalized for missing an RMD so you'd better find out what you did.

 

HINT: you will get a 1099-R for any distribution in 2024. All 11099-Rs have been sent out.

NOTE: penalty can be waived by you taking corrective action now.

@jennettriedel