turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I have RMD of $34,212.00 and I received this distribution and I'm 74 yrs. old and I'm now getting charged 10% penalty that is incorrect. Where to I report and fix RMD?

I don't have the 1099 form yet which may clear this up
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

I have RMD of $34,212.00 and I received this distribution and I'm 74 yrs. old and I'm now getting charged 10% penalty that is incorrect. Where to I report and fix RMD?

The form should make it clearer. 

I have RMD of $34,212.00 and I received this distribution and I'm 74 yrs. old and I'm now getting charged 10% penalty that is incorrect. Where to I report and fix RMD?

the 10% penalty applies only to persons who take funds before reaching age 59 1/2.

It's not "clear" what you did since you don't have your 1099-R yet.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies