Date to use for RMD calculation

Submitted by steve harper on Tue, 2014-02-25 16:42

I have a client who turned 70 on June 29, 2013 and therefore turned 70.5 at the end of 2013. If he has to take his 2013 RMD by April of 2014 what date should he use for his IRA balance to use for the calculation? 12/31/2012 or 12/31/2013.

Thanks for your assistance!



Submitted by Jose Morales on Tue, 2014-02-25 17:21

He would use 12/31/2012 to calculate his 2013 RMD to be taken by April 1st of this year.

Add new comment

Log in or register to post comments