Form5329, Line 54, "RC" . . . what does this mean? do I have to send an explanation as to why i forgot to do my RMD in 2017. I did take it & my 2018 withdrawal in 2018?

bunnypress · ‎June 3, 2019

dmertz · ‎June 3, 2019

It's indicating that you are requesting a waiver of the excess accumulation penalty on a late-taken RMD. Yes, your filing must include an explanation providing reasonable cause for receiving the distribution late.

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dmertz · ‎June 3, 2019

It's indicating that you are requesting a waiver of the excess accumulation penalty on a late-taken RMD. Yes, your filing must include an explanation providing reasonable cause for receiving the distribution late.

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Form5329, Line 54, "RC" . . . what does this mean? do I have to send an explanation as to why i forgot to do my RMD in 2017. I did take it & my 2018 withdrawal in 2018?

Form5329, Line 54, "RC" . . . what does this mean? do I have to send an explanation as to why i forgot to do my RMD in 2017. I did take it & my 2018 withdrawal in 2018?

Form5329, Line 54, "RC" . . . what does this mean? do I have to send an explanation as to why i forgot to do my RMD in 2017. I did take it & my 2018 withdrawal in 2018?

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Form5329, Line 54, "RC" . . . what does this mean? do I have to send an explanation as to why i forgot to do my RMD in 2017. I did take it &amp; my 2018 withdrawal in 2018?

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Form5329, Line 54, "RC" . . . what does this mean? do I have to send an explanation as to why i forgot to do my RMD in 2017. I did take it &amp; my 2018 withdrawal in 2018?

Form5329, Line 54, "RC" . . . what does this mean? do I have to send an explanation as to why i forgot to do my RMD in 2017. I did take it &amp; my 2018 withdrawal in 2018?

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Form5329, Line 54, "RC" . . . what does this mean? do I have to send an explanation as to why i forgot to do my RMD in 2017. I did take it & my 2018 withdrawal in 2018?

Form5329, Line 54, "RC" . . . what does this mean? do I have to send an explanation as to why i forgot to do my RMD in 2017. I did take it & my 2018 withdrawal in 2018?

Form5329, Line 54, "RC" . . . what does this mean? do I have to send an explanation as to why i forgot to do my RMD in 2017. I did take it & my 2018 withdrawal in 2018?