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Retirement tax questions
You have until April 1, 2018 to take your *first* RMD if you turned 70 1/2 in 2017, so take your 2017 RMD ASAP. You also will nee to take yiur 2018 RMD before the end of 2018. Both distributions will be reported on a 2018 1099-R next year on your 2018 tax return. You do not have to report anything for 2017.
**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 5, 2019
4:54 PM