Form 5329

3 replies
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What else do I fill out on Form 1040 since RMD was missed and I am filing 5329?

Not A Product Question

MaryK4

Alumni - Intuit

That is all, TurboTax will calculate your penalty and include the form with your return.

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LazyDavyAuthor

Level 2

Does the income then appear on 1040 Sch 2? It seems I would need a 1099R substitute to report the income and calculate tax as if the RMD had been made.

ThomasM125

Alumni - Intuit

No, you report the distribution in the next year, when you receive it. You receive a penalty for missing it in the current year, but request abatement of the penalty on Form 5329.

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