RMD Waiver request

Submitted by Mark T Ealy, CFP, CPA on Tue, 2011-01-18 18:18

Is there a specific form or format for requesting a waiver of 50% RMD penalty for 2010, with good cause?

Permalink Submitted by Alan Spross on Tue, 2011-01-18 18:53

Yes, Form 5329. See p 6 of the attached for Instructions:

Permalink Submitted by John Fuller on Fri, 2017-03-31 17:23

How do I get a waiver for custodian error?

Permalink Submitted by Alan - IRA critic on Fri, 2017-03-31 18:05

If an RMD was missed that you requested, just file Form 5329 and use that as your “reasonable cause” for the penalty waiver.

Permalink Submitted by John Fuller on Fri, 2017-03-31 18:26

If I missed the RMD for 2016, what year do I file the 5329 Form? Since the money came out int 2017…..

Permalink Submitted by Alan - IRA critic on Fri, 2017-03-31 18:39

File a 2016 5329 with your 2016 return, or separately if you have already filed 2016.