Form 5329

Forum|Forum|1 year ago
March 19, 2025
1 reply
2 views

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

Not A Product Question

MaryK4

Level 15

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

Level 15

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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