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spencer9123
New Member

If the fed suspended rmd for last year why would I owe a penalty on the amount not taken?

 
2 Replies
Bsch4477
Level 15

If the fed suspended rmd for last year why would I owe a penalty on the amount not taken?

You shouldn’t. 

VolvoGirl
Level 15

If the fed suspended rmd for last year why would I owe a penalty on the amount not taken?

Did you get a 1099R form?  Did you get the RMD and send it back?  Or how/where are you seeing a penalty for not taking it?  If you had a 1099R transfer over from last year then delete it.

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