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Level 2
Feb 5, 2023 9:10 PM UTC
Question

RMD

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?

8 replies

VolvoGirl
Level 15
Feb 5, 2023 9:17 PM UTC

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
Feb 5, 2023 11:07 PM UTC

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
Feb 5, 2023 11:10 PM UTC

what are you trying to accomplish by moving the income ?