First Year 2024 RMD taken in March 2025

I have taken my first year RMDs for 2024 in March 2025 as required by April 1. I have been told by the company holding my account that I will need to file Form 5329 with my 2024 taxes with a letter of exemption asking for a waiver of penalties. This seems unnecessary since I received the RMD by the required time. What is required?

posted

Connect with an expert

1 Best answer

Accepted Solutions

First Year 2024 RMD taken in March 2025

The company is completely wrong.

(maybe you need a new custodian)

See IRS.gov /news where they just posted an article on this.

View solution in original post

1 Reply

First Year 2024 RMD taken in March 2025

The company is completely wrong.

(maybe you need a new custodian)

See IRS.gov /news where they just posted an article on this.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post