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Level 1

I did not take my 2015 RMD, reported it to the IRS, was granted a waiver in 2016. I took 2015+2016 RMDs in 2016. how do I report this situation to the IRS? do I need to?

do I fill out form 5329 with 2016 tax forms? even though I already reported issue to IRS and was granted waiver?

or fill out form 5329 for 2015 and include it and waiver letter with 2016 tax forms?

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Level 20

I did not take my 2015 RMD, reported it to the IRS, was granted a waiver in 2016. I took 2015+2016 RMDs in 2016. how do I report this situation to the IRS? do I need to?

If you already requested and was granted a waiver by the IRS for the late 2015 RMD distribution, there is no need to file Form 5329 to request the waiver again.  Simply report the combined distribution on your 2016 tax return by entering the Form 1099-R.

If the IRS is instead instructing you to file Form 5329 to request the waiver, it's a 2015 Form 5329 to request the waiver that you must file separately from your 2016 tax return.


2 Replies
Level 20

I did not take my 2015 RMD, reported it to the IRS, was granted a waiver in 2016. I took 2015+2016 RMDs in 2016. how do I report this situation to the IRS? do I need to?

If you already requested and was granted a waiver by the IRS for the late 2015 RMD distribution, there is no need to file Form 5329 to request the waiver again.  Simply report the combined distribution on your 2016 tax return by entering the Form 1099-R.

If the IRS is instead instructing you to file Form 5329 to request the waiver, it's a 2015 Form 5329 to request the waiver that you must file separately from your 2016 tax return.


Level 9

I did not take my 2015 RMD, reported it to the IRS, was granted a waiver in 2016. I took 2015+2016 RMDs in 2016. how do I report this situation to the IRS? do I need to?

You should keep all those papers with your tax records, but if the RMD was lacking for tax year 2015, and it has been resolved, or the IRS gave you a waiver, there is nothing special you need to report on your 2016 tax year return.

Enter the 1099-R as is reported.