Question

Late Filing RMD With Withholding

Forum|Forum|4 years ago
February 26, 2022
1 reply
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My RMD for 2021 was not paid.

When I contacted my IRA company this month, they deducted the RMD for 2021 and withheld an amount.

How do I include the withholding on the 5329?

Can you clarify what you mean by "2021 RMD was not paid" and " they deducted the RMD for 2021". It sounds like you are saying the did not make a distribution but at the same time they withheld tax.

R

robertdenboAuthor

To be more complete - RMD for 2021 was taken this week instead of in 2021. Also they took out a portion for withholding. It seems that Part IX on the 5329 form has Line 52 for the total amount of the late RMD. But I don't see a place to enter the withholding.

If am doing this wrong, I would appreciate some instructions.

Thanks

ColeenD3

The RMD that you actually took in 2022 will have the withholding in addition to the distribution. All you are doing with Form 5329 is declaring the lateness and asking for a waiver of the penalty.