I turned 701/2 years old in February, 2017. I didn't apply for a minimum withdrawal based on the 701/2 age requirement. Whats the best move for me now?

cr747 · ‎June 5, 2019

macuser_22 · ‎June 5, 2019

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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macuser_22 · ‎June 5, 2019

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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I turned 701/2 years old in February, 2017. I didn't apply for a minimum withdrawal based on the 701/2 age requirement. Whats the best move for me now?