1st IRA RMD

[skiss-roadrunner]

My wife turned 72 in 2022 and took her 1st IRA RMD on Jan 18th of 2023 as IRS Pub 590-B states she had until April 1st 2023 to take it. Can we claim that as income for 2022 on our tax form?

[VolvoGirl]

No it goes on your 2023 return next year.  And she needs to take her 2023 RMD by Dec31, 2023 also.  So there will be 2 RMD to report on your 2023 return next year.  I suppose you will get one 1099R for them both by Jan 31, 2024.

[leeloo]

No. You can't enter 2023 income on your 2022 return.  The IRS gives you leeway your first year so that you will not be penalized for not taking a timely distribution by December. That is all.

[skiss-roadrunner]

Thank you 🙂