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Level 3
June 12, 2026
Question

How do I enter RMDs that were not taken for multiple years?

  • June 12, 2026
  • 4 replies
  • 28 views

I have a client that has not filed her taxes since 2014.  She should have also been taking RMDs but has failed to do so until last year when she took out $1,000 which is less than the required RMD.  How do I enter those in ProConnect.  It shows me the one for 2019 but no place for me to put the other years.  It is my understanding that you have to report them each year for the years that they were not taken.

 

4 replies

sjrcpa
Level 15
June 13, 2026

How many years tax returns are you filing?

And why?

How many years 5329s are you filing? And why?

Are you trying to compute the penalty? Or request a waiver of it?

How old is the client?

The more I know the more I don’t know.
BobKamman
Level 15
June 13, 2026

You don't report the income until it is withdrawn. 

You report the penalty, or ask for its waiver, on Form 5329 for each year a distribution was required.  Form 5329 can be filed as a "stand alone," or attached to Form 1040 if that return is required. 

The first thing you should state when asking for the penalty to be waived is that the distribution has already been done, the request being made as soon as the omission was discovered.  

Level 3
June 14, 2026

I believe I have to go back to 2014 which when the first distribution should have been made.  So when I file the taxes for each year.  I have to report access for each year.  For example.  Filing in 2014 I would report it in 2014, then again in 2015, I would report the distribution not taken for 2014 and 2015 and do that for every year that the distributions were not taken.  For example>

2014, RMD not taken in 2014

2015, RMD not taken in 2014 and in 2015 for 2015.  In other words report 2014 and 2015 RMDs not taken in 2014 and in 2015..

2016  RMD not taken in 2014, 2015 and 2016 for 2016.  In other words report 2014, 2015 and 2016 RMDs not taken in 2014, 2015, and 2016.

And do that for each year until they take the money out.  That would account for the money that still has not been taken out for those years plus the current year.

I am going to try and get a waiver but want to have the figures on hand.

 

IRonMaN
Level 15
June 14, 2026

I think you are over complicating things a bit with your thought process.

Slava Ukraini!