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friesfam1
New Member

RMD

I did not take an RMD in 2020 becasue it was waived. TT has calculated that I owe $500 tax becasue of that. Did I answer a question wrong?

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‎January 24, 2021 11:22 AM
last updated ‎January 24, 2021 11:22 AM
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dmertz
Level 15

RMD

When asked about completing your RMDs for 2020, the correct answer is that you received all of your RMD for 2020.  You effectively took out all $0 of the $0 required to have been taken.

 

Simply delete the Form 5329 that is present in your tax return.

‎January 24, 2021 12:20 PM
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