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I need some help on how I should prepare and submit RMD to
I need some help on how I should prepare and submit RMD to my annuity administrator covering the past two (2) and the current year. This is my first time filing this form and on the form it suggest th… read more
Rick
Rick
MBA
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Turn 70 1/2 January 2019. So have until April 2020 to take
turn 70 1/2 January 2019. So have until April 2020 to take my first RMD. The questions is whether I have to take two distributions in 2020. So confused. … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,818 satisfied customers
WE FAILED TOTAKE OUR 2018 MINIMUM REQUIRED DISTRUBTION FOR
wE FAILED TOTAKE OUR 2018 MINIMUM REQUIRED DISTRUBTION FOR OUR IRA'S BY DEC. 31ST 2018. WE DID TAKE THEM IN JAN. BUT W-4 WILL HAVE 2019 WITHDRAWAL. HOW DO WE CORRECT THIS, AND DO WE HAVE TO PAY 50% PE… read more
Tax.appeal.168
Tax.appeal.168
Principal
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I was born July 1947 and I have an IRA account at Wells
I was born July 1947 and I have an IRA account at Wells Fargo with balance ~$100,000. I did not received any reminder about MRD (minimum required distribution) and I realized just now. Is it too late … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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I inherited a beneficiary ira from my mom in 2018. Through
I inherited a beneficiary ira from my mom in 2018. Through miscalculation, I did not take a sufficient year of death RMD for her. Once I realized the situation (after the 31 December deadline), I took… read more
Rick
Rick
MBA
1,939 satisfied customers
I was just online in the chat and got cut off so I do not
My name is***** I was just online in the chat and got cut off so I do not know if anything can be retrieved. I think I am still a member of Just Answer. … read more
Alexander Efros
Alexander Efros
Financial Planner/Tax Specialist
Masters of Business Administration (MBA)
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I have a complicated question about missed RMDs. My mother
I have a complicated question about missed RMDs. My mother had 2 IRAs when she died in 2014. I did not know they were IRAs or that I needed to take RMDs until 2016. I took 3 withdrawals in 2016 into a… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
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My husband has an IRA with approximately $50,000 in it. He
My husband has an IRA with approximately $50,000 in it. He turned 70 last November 26, He will be 71 soon. He didn't realize he had to take out a distribution. Is it too late. How much does he need to… read more
Barbara
Barbara
Enrolled Agent, Paralegal
12,762 satisfied customers
I have a tax problem regarding my first two required minimum
I have a tax problem regarding my first two required minimum distributions (RMDs) from a beneficiary IRA. 2014 was the first year we were supposed to take a distribution. Towards the end of December, … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,903 satisfied customers
I withdrew $3000/- from my traditional IRA last month as part
I withdrew $3000/- from my traditional IRA last month as part of my RMD but unfortunately I should have done this before December 31 ince I am already 80 yrs old as of December 31,2014 / I forgot all … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,818 satisfied customers
BECAUSE OF HEALTH PROBLEMS , I OVERLOOKED AND FAILED
BECAUSE OF HEALTH PROBLEMS , I OVERLOOKED AND FAILED TO TAKE MY 2014 RMD, (requided to be taken by 12/31/2014) FROM MY IRA UNTIL JAN 28, 2015 HOW CAN I AVOID AN IRS PENALITY? EVEN THOUGH I REQUESTED T… read more
PDtax
PDtax
Owner
Master's Degree
5,159 satisfied customers
This is complicated. I have a 403b and a 457b in a retirement
This is complicated. I have a 403b and a 457b in a retirement plan. I retired in January 2012 and elected to defer the RMD until 2013, thus taking double distributions in 2013-- the one for 2012 befor… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,818 satisfied customers
Background: My wife is one of four equal beneficiaries of
Background: My wife is one of four equal beneficiaries of the Estate of her late aunt, who died in 2010. Her aunt left an IRA without designated beneficiaries. The Estate became the "interim" benefici… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
18,160 satisfied customers
My mother should have made a required minimum distribution
My mother should have made a required minimum distribution form her IRA by March 31, 2012. She was born in January of 1941. Her RMD should have been $350. She neglected to do it. It is too late to tak… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,903 satisfied customers
After not receiving any information from my investment company,
After not receiving any information from my investment company, I contacted them regarding my RMD for 2011. I made the call on 29 Dec 11, and made arrangements for the RMD but it was not processed unt… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
I am 73, so I must withdraw each year from my annuity. When
I am 73, so I must withdraw each year from my annuity. When I requested the required minimum deduction from Hartford Insurance in 2010, I also signed up for an automatic withdrawal of the required ded… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
33,903 satisfied customers
I failed to take my RMD from my IRA during 2010. Can I take
I failed to take my RMD from my IRA during 2010. Can I take before January 31, 2011 and count it as my RMD for 2010?… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 satisfied customers
The deceaseds beneficiaries for an IRA were supposed to take
The deceased's beneficiaries for an IRA were supposed to take the RMD for 2007 but they had no idea of such a thing. Their 1040's for 2007 were filed in April 2008...without an attached 5329. They jus… read more
Bill
Bill
Master's Degree
3,170 satisfied customers
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