Since I took the 2018 RMD in 2019 should it be included in the income for 2019 and
taxed at 50%?
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If it was withdrawn in 2019 it will be reported on your 2019 Tax Return.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
If it was withdrawn in 2019 it will be reported on your 2019 Tax Return.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
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