RMD Related Questions

[Liangtwn]

Hi...

Q1: RMDs should be reported on Line 4a IRA distribution, correct?

Q2: At what age we are required to take RMDs when there are Traditional IRA balances?

Q3: RMD calculations - I remember IRS published a table by age and % to calculate RMD amounts.  Could you share the link to that table?  Does this table remain the same every year?  Or, IRS updates it annually?

Thank you!!

[dev145]

1. Yes, you are correct, that IRA distribution amount will go on line 4a (Total distribution) and 4b (Taxable distribution).

2.  You generally must start taking withdrawals from your traditional IRA, SEP IRA, SIMPLE IRA, and retirement plan accounts when you reach age 73.

3. Here is a link from IRS and Fidelity. For IRS link, you will have to scroll at the very bottom to look for table. IRS do update table periodically as life expectancy changes. 

Publication 590-B (2024), Distributions from Individual Retirement Arrangements (IRAs) | Internal Re...

IRS Uniform Lifetime Table | Calculate RMDs | Fidelity

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