Late in taking my 2021 RMD
Because I became ill in late December I forgot to take my Required Minimum Distribution from my IRa as I have been doing for the past eight years.. I have since (1/14/22) taken the required amount with federal income tax withheld. I am aware of the possible penalty and/or waiver. Is it possible to claim RMD income on my 2021 tax return to preclude claiming two RMD incomes in 2022. I plan to set up an automatic RMD in the near future. Thank you
Terry Says
I doubt you will incur a penalty (50%, so steep!) given that you were ill. BUT, you must still take your 2022 RMD before the end of this year.
