2025 RMD - form requesting forgiveness of any failure to take your RMD for 2024.

[ecocarlisle]

I missed reporting RMD taxes in 2024.  Turbo Tax step-by-step doesn't seem to understand this concept.  I have my 1099-R and I know what taxes I owe for 2024 and 2025.  When I try to edit the 5932-T form I get an error that will not go away.  

Does someone know how to navigate this in TurboTax?  It feels like there's a bug in TurboTax 2025 Desktop but maybe I'm missing something.

Thank you!

JC

[ecocarlisle]

Claude and Gemini have both shared the following about the error I'm getting in the 5329-T form:
The "Red Box" is a known TurboTax bug

The reason Line A in the Waiver Smart Worksheet stays red even after you type the explanation is that the 2025 TurboTax Desktop version has a saving error.

• The Glitch: When you enter an explanation in Forms Mode, the software fails to "commit" that text to the database. It sees a waiver amount but no explanation, so it keeps the line red to flag it as "incomplete".

• The "Interview" Failure: You weren't getting the prior-year prompt because the 2025 interview logic is currently failing to trigger for Inherited IRAs when the 1099-R code doesn't explicitly flag a correction.

[AmyC]

Correct the RMD issue for 2024:

Form 5329 is filed for 2024 (the year the RMD was missed). You must use the 2024 program. If the waiver is granted, there is no penalty. Instructions for Form 5329 (2025) states: If you are filing Form 5329 for a prior year, you must use the prior year's version of the form. If you don’t have any other changes and haven’t previously filed a federal income tax return for the prior year, file the prior year's version of Form 5329 by itself (discussed earlier). If you have other changes, file Form 5329 for the prior year with Form 1040-X, Amended U.S. Individual Income Tax Return.

If you want to paper file just the 5329 for 2024:

• 2024 Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts
• 2024 Instructions for Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-...

For 2025:

Since you missed the RMD in 2024 and took the money in 2025, you are reporting both the 2024 and 2025 RMD distributions on your return as they were both received in 2025. Report in the 2025 program.