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Den2025
New Member

'Required RMD'

In the 'Excess Accumulation Worksheet', TT-2024 asks for "Required RMD amount".  RMD for which year -- 2024 or 2025?

posted
‎April 10, 2025 7:32 PM
last updated ‎April 10, 2025 7:32 PM
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Mike9241
Level 15
Level 15

'Required RMD'

the year you are working on, which would be the RMD for 2024 that you failed to take in 2024.

 

however see this thread about ways you may be able to avoid the penalty

https://accountinginsights.org/rmd-penalty-waiver-letter-sample-how-to-request-relief-for-late-distr... 

‎April 10, 2025 7:54 PM
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