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New Member
posted Apr 12, 2025 12:23:41 PM

What is the penalty for an IRA distribution that is $2 short?

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1 Replies
Expert Alumni
Apr 15, 2025 4:40:13 PM

I believe you mean your minimum required distribution (MRD) is short by $2. Since the penalty for missing your RMD is based on the amount you are short, the penalty would be likely be minimal, $1 or less.