If it was withdrawn in 2019 it
will be reported on your 2019 Tax Return. However, you may need to
file Form
5329 with your 2018 Tax
Return to pay the late penalty.
If you just turn 70 1/2 in 2017
and this your first RMD, you have until April 1, 2019 to take your RMD for
2018. If that is not the case, you will need to file fill out Form 5329 to request the waiver of the excess
accumulation penalty on the RMD since you missed the December 31, 2018 deadline.
From 5329
instructions:
"Waiver of tax.
The IRS can waive part or all of this tax if you can show that any
shortfall in the amount of distributions was due to reasonable error and you
are taking reasonable steps to remedy the shortfall. If you believe you qualify
for this relief, attach a statement of explanation and file Form 5329 as
follows.
1. Complete lines 52 and 53 as
instructed.
2. Enter “RC” and the amount
you want waived in parentheses on the dotted line next to line 54. Subtract
this amount from the total shortfall you figured without regard to the waiver,
and enter the result on line 54.
3. Complete line 55 as
instructed. You must pay any tax due that is reported on line 55.
The IRS will review
the information you provide and decide whether to grant your request for a
waiver.
If you have no Form 1099-R - you would have to manually prepare Form 5329 according to its instructions and request the waiver of penalty and to enter the explanation. To have access to forms, you must use a cd/download version of Turbo Tax. You may consider printing the form on the IRS website, do it by hand and attach it to your printed and mailed tax return.
