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LazyDavy
New Member

Form 5329

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

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3 Replies
MaryK4
Expert Alumni

Form 5329

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

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LazyDavy
New Member

Form 5329

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
Expert Alumni

Form 5329

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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