2025 RMD

Forum|Forum|4 months ago
February 10, 2026
3 replies
31 views

My 2025 RMD was short one month. I made the missing withdrawal in January 2026. Form 5329-T is asking to make a selection to indicate whether corrective distribution was taken during the correction window. Do I check "corrected-yes"? Will I still pay a penalty?

Best answer by ReneV4

Yes and yes. Check the "Yes, I took out the entire remaining amount during the correction window". And, although there will be a penalty, you may request a waiver by following the steps below.

Go to your Form 1099-R information in the Wages & Income section
Continue through answering the questions, until you reach, "Let's go over any required minimum distributions (RMD)"
Select Yes for, "Let's check if you missed any required distributions"
Continue, then enter the total RMD that was due by December 31, 2025 when you reach, "Tell us the total RMD for your other IRA accounts"
Select Yes when you reach, "Did you take a corrective distribution for your IRA?", then Continue
Select Yes when you're asked, "Do you want to request a waiver to reduce the penalty?", then Continue
Enter the RMD amount that you are requesting a waiver on (amount of your missed payment), then Continue
Write your explanation in the next section, then Continue
You will then reach, "Nice job finishing your waiver", Continue

ReneV4Answer

Level 6

Yes and yes. Check the "Yes, I took out the entire remaining amount during the correction window". And, although there will be a penalty, you may request a waiver by following the steps below.

Go to your Form 1099-R information in the Wages & Income section
Continue through answering the questions, until you reach, "Let's go over any required minimum distributions (RMD)"
Select Yes for, "Let's check if you missed any required distributions"
Continue, then enter the total RMD that was due by December 31, 2025 when you reach, "Tell us the total RMD for your other IRA accounts"
Select Yes when you reach, "Did you take a corrective distribution for your IRA?", then Continue
Select Yes when you're asked, "Do you want to request a waiver to reduce the penalty?", then Continue
Enter the RMD amount that you are requesting a waiver on (amount of your missed payment), then Continue
Write your explanation in the next section, then Continue
You will then reach, "Nice job finishing your waiver", Continue

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skjAuthor

Level 3

I filled out the form requesting a waiver of penalty taxes. The additional tax assessed is included on the federal tax form. How will I be informed if the penalty is waived and an adjustment is made to taxes due? I am due a refund for 2025l

MarilynG

Level 15

The IRS rarely denies waivers if you have already withdrawn the missed RMD amount. You must report that you have "corrected" the missed RMD by taking the distribution, and state that it was due to reasonable error.

Check Form 5329: Review the form in FORMS mode in TurboTax. If your explanation for the missed RMD was accepted, the penalty on Form 5329, Line 55 should show as 0.

If you still see a penalty after fixing the issue, re-answer the questions regarding the RMD in the, "Let's go over any required minimum distributions (RMD)" section, as this refreshes the calculation.

@skj

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angela829

Level 4

Hi, please help I have the same situation which I corrected in March 2026. Filing form 5329 from TT but I do not see Form 5329 asking to make a selection to indicate whether corrective distribution was taken during the correction window? Please advise where I can see that question on Form 5329. Appreciate so much.

angela829

Level 4

Great! Thanks so much. The line 55 currently shows -0- balance on Form 5329 and it also shows my waiver statement.

Moreover, please advise how to properly report the 2026 for this missing 2025 1099R once preparing 2026 tax return since the 2026 1099R will show the total of 2 RMDs: one for 2025 and another for 2026.

Appreciate so much.