A client who is required to take an RMD from an inherited IRA doesn't take it for 2018. Reason is irrelevant - but simply there was a screwup with the custodian.
An extension was filed for 2018 to allow more time to receive the 2018 RMD prior to filing the return to request the 50% waiver.
What happens if by October 15th the RMD isn't received? Is the 50% waiver request invalid because the return should have been filed by Oct. 15th, or does it carry through so long as the
RMD is taken prior to filing the return?
An extension was filed for 2018 to allow more time to receive the 2018 RMD prior to filing the return to request the 50% waiver.
What happens if by October 15th the RMD isn't received? Is the 50% waiver request invalid because the return should have been filed by Oct. 15th, or does it carry through so long as the
RMD is taken prior to filing the return?