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mvanhuizum-gmail
New Member

RMD

Ti,

I turned 73 in 2024.  I took my 1st RMD on Feb 2025.  I did not get a 1099-R for 2024 for this RMD.  My Credit Union is telling me they will include the 2024 RMD with my 2025 RMD.  I want to report my 2024 RMD on my 2024 taxes to avoid penalties.  But if my bank will include 2024 on my 2025 1099-R then it will be doubled-up.

What should I do?

Thank you for your help.

 

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a week ago
last updated ‎April 15, 2025 11:22 AM
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MinhT1
Expert Alumni
Expert Alumni

RMD

You have no RMD requirement yet at the end of 2024 as you have until April 1, 2025 to take your first RMD.

 

On your 2024 return, report no RMD, and report RMDs for 2 years in 2025.

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