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Level 2
February 5, 2023
Question

RMD

  • February 5, 2023
  • 1 reply
  • 6 views

Because of the grace period for a person's first RMD, my wife took her 2022 RMD in 2023. We would like it to count as income in 2022. Is that possible?

1 reply

VolvoGirl
Level 15
February 5, 2023

No.  And she has to take her 2023 RMD by Dec 31, 2023.  So there will be 2 RMD to report on your 2023 return next year.  

fanfare
Level 15
February 5, 2023

You can still make an estimated tax payment now  for 2022 and apply the resulting  refund to next year.

 

OR make an estimated tax payment now for 2023.

@Phil_19 

fanfare
Level 15
February 5, 2023

what are you trying to accomplish by moving the income ?