What should I do with an RMD that was issued late through the brokerage's fault, not the taxpayer?

crubik · ‎03-31-2023

The taxpayer made several attempts to get the RMD from his 403B account with Fidelity and kept hitting brick walls. Finally rolled entire account over and had new company issue RMD, but it is dated 2023.

sjrcpa · ‎03-31-2023

File the 5329 with the 2022 1040 asking for a waiver of the penalty for not taking the RMD.

The distribution received in 2023 goes on the 2023 return.

The more I know, the more I don't know.

itonewbie · ‎03-31-2023

Take a look at F.5329 about requesting a waiver based on reasonable cause.

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Still an AllStar

itonewbie · ‎03-31-2023

@sjrcpa You beat me to it. Well, that's what happens when we can no longer see someone else is already responding to a post.

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Still an AllStar

What should I do with an RMD that was issued late through the brokerage's fault, not the taxpayer?

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