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If the taxpayer did not take an RMD in a certain tax year
If the taxpayer did not take an RMD in a certain tax year what needs to be done on that years 1040?… read more
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I forgot to take my RMD for 2017. Can I take it now and
Can I take it now and write a letter of forgiveness to the IRA? … read more
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What is the penalty for rolling an IRA without taking the
what is the penalty for rolling an IRA without taking the required distrabution … read more
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For about 10 years my wife and I have been depositing
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Beneficiary IRA - A person inherited an IRA and the year
Beneficiary IRA -A person inherited an IRA and the year they inherited it (2001), it was set up over the expected lifetime of the beneficiary (34.2 years). The IRA was paying out its RMD for several y… read more
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I feel like I'm in the twilight zone a little. I just
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Lane
Lane
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2/31/2014 my IRAs valued 663541. 2015 I withdrew 30,500
2/31/2014 my IRAs valued 663541. 2015 I withdrew 30,500 Using Table II (my wife and beneficiary is 12 years younger) my Required Minimum Distribution should have been 33177. I could have withdrawn tha… read more
Lane
Lane
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I failed to take the mandatory minimum withdrawal from a
I failed to take the mandatory minimum withdrawal from a 403(b) account (TIAA-CREF) when I turned 70 1/2 last year. I also did not start by April 1st this year. Is there anything I can do to mitigate … read more
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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
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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
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my mother had an IRA account. she passed away prior to receiving
my mother had an IRA account. she passed away prior to receiving her mandatory distribution in 2011. since that was the case, and the account is being distributed to the beneficiaries ( in bene ira ac… read more
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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
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jgordosea
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I am 72 years old. I have an IRA currently valued at about
I am 72 years old. I have an IRA currently valued at about $750,000. Last Year it was $300,000 in CASH and I took the minimum mandatory distribution of about $10,000 based upon the life expectancy tab… read more
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I was 70 1/2 in Feb 2009. We E-filed using TurboTax in 2009
I was 70 1/2 in Feb 2009. We E-filed using TurboTax in 2009 & 2010 but forgot to take the RMD for two IRAs. I have taken the RMD For those IRAs in 2011 but since the distributions were taken in 2011 s… read more
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an elderly client rolled over his 401 into an IRA last year,
an elderly client rolled over his 401 into an IRA last year, and in the process, he did not take his MRD. What happens now? The lady from the bank where he did this, needs to know what to do, she ment… read more
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Lev
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When The Reserve Money Market fund broke the buck in 2008,
When The Reserve Money Market fund "broke the buck" in 2008, a separate Reserve fund also failed (RPYQX--not a money market fund). RPYQX is currently in liquidation, being administered by a financial … read more
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