Panthers
Level 2
‎03-28-2023 02:07 PM
The Disribution won't made until 2023 for  the missed RMD for in tax year 2022, do i report the missed RMD on the 2022 tax reurn or wait until 2023
0 Cheers
Reply
qbteachmt
Level 15
‎03-28-2023 02:35 PM

I googled:

tax report missed rmd

And found lots of great results. Did you try that?

https://www.investopedia.com/articles/retirement/05/011005.asp

Correcting a Missed RMD

bairdfinancialadvisor.com
http://www.bairdfinancialadvisor.com › media

PDF
 
 
The owner should report this income as taxable in the year the actual distribution occurred, regardless of what year the distribution should have been made.
 
https://taxaideqa.aarp.org/hc/en-us/articles/360012329514-I-forgot-to-take-my-Required-Minimum-Distr...
 
etc.
*******************************
"Level Up" is a gaming function, not a real life function.
Reply
Just-Lisa-Now-
Level 15
Level 15
‎03-28-2023 02:51 PM

its reported in the year its actually taken


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Reply
PATAX
Level 15
‎03-28-2023 03:06 PM

Lisa and QB are correct. Also take a look at 2022 form 5329 for waiver explanation of penalty/50%additional tax.

Reply