Lloyd Hudson Posted July 2, 2020 Report Share Posted July 2, 2020 Title misleading, what is new for me is a gentleman (Longtime client) retired several years ago. Turned 70 in 2013/ We reminded him of RMD obligations . He had multiple tax deferred accounts and dutifully arranged for automatic distributions from his SEP. He discovered recently that he overlooked an IRA that had been sitting out there vegetating. Panics over penalties. I have done several where we ask for forgiveness on first year. But I have no idea of how to report 7 years of missed RMDs . Do I just lump them on 5329 ? I really do not want to do that. I really do not want to amend any returns. Just looking for the easy and cheap way out of this mess. Assume with all the experience on this forum somebody might have already pursued this. Also, T. Rowe Price refused to do the calculations for the client. Would not have helped but I would have thought that in 7 years they would have noticed. Quote Link to comment Share on other sites More sharing options...
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