What else do I fill out on Form 1040 since RMD was missed and I am filing 5329?
03283
3 Replies
MaryK4
Expert Alumni
Mar 19, 2025 8:41:07 AM
That is all, TurboTax will calculate your penalty and include the form with your return.
LazyDavy
New Member
Mar 19, 2025 10:02:49 AM
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
Mar 19, 2025 10:19:35 AM
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.