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New Member
posted Jun 1, 2019 10:00:23 AM

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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1 Best answer
Level 15
Jun 1, 2019 10:00:24 AM

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.

2 Replies
Level 15
Jun 1, 2019 10:00:24 AM

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.

New Member
Jun 1, 2019 10:00:27 AM

Thank you dmertz!