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June 6, 2019
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I did not take all my RMD in the year I tuned 70 ½ (DOB 4/8/47) but will take it all before April 1. Do I indicate I received all of my RMD for 2017?

  • June 6, 2019
  • 1 reply
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Best answer by dmertz

Yes, indicate that you received all of the RMD for 2017.

TurboTax's question is phrased badly and does not account for the fact that the completion of first-year RMD year can be delayed until April 1 of the following year.  TurboTax is asking the question only to determine if it needs to prompt you to complete form 5329 to request a waiver of the excess-accumulation penalty on a late-taken RMD, but your RMD is not late so you have no reason to claim a missed RMD or to request a waiver of the penalty.

1 reply

dmertzAnswer
Employee
June 6, 2019

Yes, indicate that you received all of the RMD for 2017.

TurboTax's question is phrased badly and does not account for the fact that the completion of first-year RMD year can be delayed until April 1 of the following year.  TurboTax is asking the question only to determine if it needs to prompt you to complete form 5329 to request a waiver of the excess-accumulation penalty on a late-taken RMD, but your RMD is not late so you have no reason to claim a missed RMD or to request a waiver of the penalty.