TomD8
Level 15

Retirement tax questions

A taxpayer's first RMD must be taken by April 1st of the year after turning 70 1/2.  As long as they meet that deadline, no 5329 is necessary.

Subsequent RMD's must be taken by December 31st of each year.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.