<title>Need I pay tax on RMD income not received yet?</title>
<link>
https://ttlc.intuit.com/community/retirement/discussion/need-i-pay-tax-on-rmd-income-not-received-yet/01/797949#M74614
</link>
<description>
<P>I withdrew 2018 my RMD on 12/24/2018, filed my return 4/5/2019, but I received a tax penalty on 4/29/2019 for "Failure-to-pay proper estimated tax" for 2018. I had no other income for 2018 other than a monthly pension of $24.93 (total of $299.16, which I added to the RMD). Am I supposed to pay tax on income I haven't received yet (the RMD)? The billing summary (attached) shows tax I owed equaled exactly my "payments and credits" to the penny. But added $223.61 for "failure to pay proper estimated tax penalty." Never explained why there was a penalty.<BR /></P><BR />
</description>
<description>...</description>
<pubDate>Sat, 08 Jun 2019 00:06:33 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/retirement/discussion/need-i-pay-tax-on-rmd-income-not-received-yet/01/797949#M74614
</guid>
<dc:creator>abclapp914</dc:creator>
<dc:date>2019-06-08T00:06:33Z</dc:date>