Turbo Tax notes planning for retirement distribution at age 70 1/2

[jmillsp]

Turbo Tax program is suggesting you plan on taking distribution at 70 and 1/2. Shouldn't that be updated to reflect age 72? I thought that the required distribution date was changed to 72? Since I am 70 now, that is very important information. Thanks for any help.

[MinhT1 · Accepted solution]

The age from which you are required to take Required minimum Distributions has been raised to 72 from tax year 2020. For 2019 and earlier, it was 70 1/2.

Please read this IRS document for more information.

[jmillsp]

Turbo Tax people need to change that in the program!

[kalis11]

Its been a month and a half and they still haven't updated it.