RMD distribution taxation year
Hi,
My professor who turned 70 1/2 in 2013 takes her RMD prior to April 15, 2014, does her RMD go on her 2013 tax return or 2014 tax retrun? I think it should be on 2014 as she takes the money out in 2014. But would like a verification.
Many thanks,
Julia
Permalink Submitted by tomd37 on Thu, 2014-03-13 02:05
The 1099-R will be issued for the tax year in which the distribution was actually made and the distribution is to be reported in that tax year. Tom D.
Permalink Submitted by Alan - IRA critic on Thu, 2014-03-13 04:11
She needs to take out that 2013 RMD no later than 4/1/2014, not 4/15.