dmertz
Level 15

Retirement tax questions

SLYKTAX, your second RMD will be due by 12/21/2023.  If you wait until 2023 to take your 2022 RMD, you'll be completing both your 2022 and 2023 RMDs in 2023.

 

Your distributions will be reported on the tax return for the year in which the RMD is distributed.  You'll want to estimate your combined tax liabilities for 2022 and 2023 to decide whether it's best to take your 2022 RMD in 2022 or in 2023.  If you are subject to Medicare Part B or Part D IRMAA, you'll also want to consider the effect on your 2024 and 2025 Medicare IRMAA.