3649800
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
MaryK4
Expert Alumni

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

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question