First Year RMD Rules
Now that RMDs occur in the calendar year someone turns 72 instead of 70.5 does it also still include the provision to push the first RMD deadline to April 1st of the year they turn 73?
Now that RMDs occur in the calendar year someone turns 72 instead of 70.5 does it also still include the provision to push the first RMD deadline to April 1st of the year they turn 73?
Permalink Submitted by Alan - IRA critic on Mon, 2021-12-13 19:32
Yes, it does. Technically, the first RMD is FOR the year the taxpayer reaches 72, but does not have to be distributed IN that year per the required beginning date rule.