RMD birthdate

If my client turns 70 next year on 4-11-09 (4-11-1939), which means she turns 70 1/2 on Oct 11, 2009…does this mean she has to take an rmd in 2009?

Or

can she wait until 2010 and take a rmd before the 1st of april 2010 (for 2009) and then an additional rmd before 12-31-10 (for 2010)?

I am correct on the above or missing something?

Douglas



The latter is correct. The 2009 distribution can be delayed up to 4/1/2010, but then there will be two taxable distributions in 2010. 4/1/2010 is the RBD (required beginning date).

On the other hand, any distribution taken in 2009 is credited against the 2009 RMD requirement.



Add new comment

Log in or register to post comments