RMD question
It appears I missed my RMD in my 401k (I own more than 5%)for 2009, 2010, 2011 and 2012. I plan to correct this. But, was there a year or two that the government “exempted this requirement” for a couple of years due to the financial crisis?
Permalink Submitted by Alan - IRA critic on Wed, 2013-07-24 21:48
Only 2009 RMDs were exempted. You should file a 5329 for years after that requesting the IRS waive the penalty for “reasonable cause”. Make up the delinquent RMDs before filing the forms so you can state that you have discovered the shortfall and made them up. They will all be taxable in the year distributed.