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New Member
posted Apr 12, 2025 12:30:50 PM

Can a corrective IRA distribution be within six months of due date?

RMD was for year end 12/31/2024. I didn't take it, so can a corrective distribution be taken until 5/1/2025?

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1 Replies
Expert Alumni
Apr 12, 2025 12:33:05 PM

The RMD correction window is the period during which you can correct a missed Required Minimum Distribution (RMD) to potentially reduce or eliminate the associated penalty. Generally, under the Secure Act 2.0 you have until the end of the second tax year following the year the RMD was missed to correct the error.