One thought on “Can the penalty for not taking the full RMD be waived?

  1. Arti says:

    Although the IRA custodian or retirement plan administrator may calculate the RMD, the IRA or retirement plan account owner is ultimately responsible for calculating the amount of the RMD. Although the IRA custodian or retirement plan administrator may calculate the RMD, the IRA or retirement plan account owner is ult The account owner should file Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts PDF, with his or her federal tax return for the year in which the full amount of the RMD was not taken.

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