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New Member
posted Mar 19, 2025 8:14:37 AM

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
Expert Alumni
Mar 19, 2025 8:41:07 AM

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

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. 

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.