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.**

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