Which Form 5329 is used for a late RMD

My mom forgot to take out enough for her RMD by 12/31/2021. Do I use Form 5329 for 2020 or 2021 to report and ask for an acceptation to the tax?

746

Level 15

Apr 21, 2022 1:38:37 PM

@Manuel J wrote:

My mom forgot to take out enough for her RMD by 12/31/2021. Do I use Form 5329 for 2020 or 2021 to report and ask for an acceptation to the tax?

If a 2021 RMD that was missed then a 2021 5329.

But what does 2020 have to do with it if it is a 2021 RMD?

Returning Member

Apr 24, 2022 6:27:36 AM

This is my first rodeo dealing with RMD withdrawals.

Returning Member

Apr 24, 2022 6:28:21 AM

and BTW... thank you for the assistance!!

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Which Form 5329 is used for a late RMD