Missed RMD payment

6 replies
86 views

2025 TT desktop premium. My ira broker failed to send me RMD for 2025 although they told me last year I was set up to autopay the required distribution. Where in TT do I fill out the form to request mercy from the IRS to not have to pay the fines as it was not my fault and I took the distribution as soon as I discovered they had not done so as they had told me previously they would.

ReneV4Answer

Level 8

Since you have TurboTax Desktop, you are able to click on Open Form at the top left to generate the form automatically, by following these steps:

Go to Open Form at the top left corner of your TurboTax screen and type 5329
Select Form 5329-T (or 5329-S, if applicable)
On Form 5329-T, scroll down to Line 52a and input the $_ that was your RMD
On Line 53a, input zero (0) for the amount of the RMD you took
Input the $_ in Box A found just below Line 53b
Click Explain just below the $_
Write: "I mistakenly assumed my financial institution was automating my RMD. Upon discovering the error in 2026, I immediately withdrew the full RMD amount of $_. I have now confirmed the automatic withdrawal is set up and have also added a reminder so that this does not happen again."

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

ReneV4Answer

Level 8

Since you have TurboTax Desktop, you are able to click on Open Form at the top left to generate the form automatically, by following these steps:

Go to Open Form at the top left corner of your TurboTax screen and type 5329
Select Form 5329-T (or 5329-S, if applicable)
On Form 5329-T, scroll down to Line 52a and input the $_ that was your RMD
On Line 53a, input zero (0) for the amount of the RMD you took
Input the $_ in Box A found just below Line 53b
Click Explain just below the $_
Write: "I mistakenly assumed my financial institution was automating my RMD. Upon discovering the error in 2026, I immediately withdrew the full RMD amount of $_. I have now confirmed the automatic withdrawal is set up and have also added a reminder so that this does not happen again."

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

Marko13Author

Level 3

thank you so much for that information.

I'm filling out the 5329 but have question.

i had one ira that did take the distribution correctly and one that did not.

so on 53a do i add them together or just the one that did not distribute?

DianeW777

Alumni - Intuit

Yes, add them together. See the instructions below from Form 5329 instructions.

Lines 53a and 53b

Enter the amount distributed towards the required minimum distribution from all plans. Do not include on line(s) 53a and/or 53b, any distribution(s) received after the deadline for taking the minimum required distribution or during the correction window.

Correction window.
- The correction window ends on the earliest of the following dates.
- The date of mailing the deficiency notice with respect to the imposition of this tax;
  - The date the tax is assessed; or
  - The last day of the second taxable year that begins after the end of the taxable year in which the additional tax is imposed.

@Marko13

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"