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Retirement tax questions
"This" year - meaning 2017?
If this was a 2017 distribution then you will report it on your 2017 tax return next year in 2018 and you will have the 1099-R then.
Also if you turn 70 1/2 in 2017 then you have until April 1 of 2018 to take the first RMD (you would also have to take the 2018 RMD in addition before the end of 2018). That only applies to the *first* RMD for the year that you turn 70 1/2.
If this was a 2017 distribution then you will report it on your 2017 tax return next year in 2018 and you will have the 1099-R then.
Also if you turn 70 1/2 in 2017 then you have until April 1 of 2018 to take the first RMD (you would also have to take the 2018 RMD in addition before the end of 2018). That only applies to the *first* RMD for the year that you turn 70 1/2.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎June 3, 2019
1:51 PM