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CG31
New Member

I took a late RMD for tax year 2017 in Feb. 2018. Do I report the RMD amount on form 1040 AND form 5329, or only on Form 5329?

 
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dmertz
Level 15

I took a late RMD for tax year 2017 in Feb. 2018. Do I report the RMD amount on form 1040 AND form 5329, or only on Form 5329?

This is 2018 income that is reportable on your 2018 tax return.  Your 2017 tax return should only include Form 5329 Part IX with a request for waiver of the excess accumulation penalty.

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2 Replies
dmertz
Level 15

I took a late RMD for tax year 2017 in Feb. 2018. Do I report the RMD amount on form 1040 AND form 5329, or only on Form 5329?

This is 2018 income that is reportable on your 2018 tax return.  Your 2017 tax return should only include Form 5329 Part IX with a request for waiver of the excess accumulation penalty.

CG31
New Member

I took a late RMD for tax year 2017 in Feb. 2018. Do I report the RMD amount on form 1040 AND form 5329, or only on Form 5329?

Thank you dmertz!

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