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New Member
posted Mar 5, 2021 1:06:46 PM

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

0 2 289
2 Replies
Level 15
Mar 5, 2021 1:34:11 PM

You shouldn’t. 

Level 15
Mar 5, 2021 1:36:20 PM

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.