RMDs
If a person neglects to take out their RMD in 2018 because of illness and then elects to file a 5329 requesting a waiver, then the distribution for 2018 is made in 2019. Are the taxes on the 2019 distribution due on the 2018 or 2019 tax returns?
Permalink Submitted by Alan - IRA critic on Thu, 2019-01-10 19:37
The income must be reported on the 2019 return (the year the distribution is actually made), and that is consistent with the 1099R that will report the distribution in Jan, 2020. This will result in both the 2018 RMD and the 2019 RMD both being taxable for 2019.