topic If the fed suspended rmd for last year why would I owe a penalty on the amount not taken? in Get your taxes done using TurboTax

If the fed suspended rmd for last year why would I owe a penalty on the amount not taken?

spencer9123 — Fri, 05 Mar 2021 21:06:46 GMT

Re: If the fed suspended rmd for last year why would I owe a penalty on the amount not taken?

Bsch4477 — Fri, 05 Mar 2021 21:34:11 GMT

You shouldn’t.

Re: If the fed suspended rmd for last year why would I owe a penalty on the amount not taken?

VolvoGirl — Fri, 05 Mar 2021 21:36:20 GMT

Did you get a 1099R form? Did you get the RMD and send it back? Or how/where are you seeing a penalty for not taking it? If you had a 1099R transfer over from last year then delete it.