- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Under the 2019 legislation, if you turned 70 ½ in 2020 or later, you should take your first RMD by April 1 of the year after you turn 72. All subsequent ones must be taken by December 31 of each year.
In your case, you turned 70 and 1/2 in 2020 so you need to take the RMD by 04/01/23 which is the year after you turn 72. Keep in mind that because you have to take an RMD by December 31 for each year after the year you turned 72, you'll have to take your second RMD by December 31, 2023.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
April 6, 2021
8:13 AM
411 Views