The IRA custodian will inform you at the beginning of 2020 that an RMD is required for 2020. They will either automatically calculate the required RMD amount for you or must do so upon request. You can have them make this distribution to you any time between January 1, 2020 and April 1 2021 (not April 14). However, if you intend for this distribution to be made as a Qualified Charitable Distribution paid to a charity you must wait until March 2020 until you have actually reached age 70½.
The law allowes you delay your first RMD until April 1 of the year following the year in which you reach age 70½ but does not allow you to delay RMDs for subsequent years beyond the end of the year for which the RMD must be made. Were it not for the law allowing your first RMD to be delayed, your first RMD would be required to be made by December 31, 2020. Why the law was written this way, I'm not sure, but it does provide you with flexibility as to which year's income will include the RMD. Your first RMD does not have to be taken all in 2020 or all in 2021, you can make multiple distributions between January 1, 2020 and April 1,2021 to satisfy your 2020 RMD. Just remember than any distribution you make after 2020 begins is RMD until your RMD for 2020 is fully satisfied. RMDs cannot be rolled over or converted to Roth.
