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kq466q
New Member

TURNED 70 1/2 IN DEC 2017. DID NOT TAKE RMD YET ALREADY FILED 2017 RETURN. HELP

 
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ChristyW
New Member

TURNED 70 1/2 IN DEC 2017. DID NOT TAKE RMD YET ALREADY FILED 2017 RETURN. HELP

Since you turned 70 1/2 at the end of 2017, per the IRS:

Beginning date for your first required minimum distribution
  • IRAs (including SEP and SIMPLE IRAs)
    • April 1 of the year following the calendar year in which you reach age 70½.
       
  • 401(k), profit-sharing, 403(b), or other defined contribution plan
    Generally, April 1 following the later of the calendar year in which you:
    • reach age 70½, or
    • retire.

Which means you are okay for 2017 tax return. See this link for more about RMD: https://goo.gl/eRmXTV

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1 Reply
ChristyW
New Member

TURNED 70 1/2 IN DEC 2017. DID NOT TAKE RMD YET ALREADY FILED 2017 RETURN. HELP

Since you turned 70 1/2 at the end of 2017, per the IRS:

Beginning date for your first required minimum distribution
  • IRAs (including SEP and SIMPLE IRAs)
    • April 1 of the year following the calendar year in which you reach age 70½.
       
  • 401(k), profit-sharing, 403(b), or other defined contribution plan
    Generally, April 1 following the later of the calendar year in which you:
    • reach age 70½, or
    • retire.

Which means you are okay for 2017 tax return. See this link for more about RMD: https://goo.gl/eRmXTV

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