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Posts Tagged ‘rmd’


Filing Form 5329 for a Qualified Retirement Plan or IRA

If you did not receive the required minimum distribution from your IRA or other retirement accounts this year, then you’ll have to file Form 5329 with your tax return. Required Minimum Distribution (RMD) If you fail to take the full RMD from a qualified retirement plan by the applicable deadline, the amount not withdrawn is [...]

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Forgetting to Take Your IRA Required Minimum Distribution (RMD)

Here’s what you can do now to avoid the costly 50% penalty on the amount not withdrawn from your IRA and other retirement accounts. Deadline for Taking a RMD The deadline for taking the first required minimum distribution is April 1 of the year after the year in which you turn age 70 ½. If [...]

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