I FORGOT TO TAKE THE REQUIRD MINIMUM DISTRIBUTION ON MY IRA. WHAT DO I DO NOW?

You should take a distribution as soon as possible to correct your error.  If an account owner fails to withdraw the full amount of the RMD by the due date, the amount not withdrawn may be subject to an excise tax of 25%, 10% if the RMD is timely corrected within two years. If this was your first RMD, there are special rules.  You may be able to apply for a penalty exception.  The penalty may be waived if the account owner establishes that the shortfall in distributions was due to reasonable error and that reasonable steps are being taken to remedy the shortfall (which includes withdrawing the money as soon as possible)