Will any amount in excess of the balance of my RMD for 2018 (the year I became 70-1/2) paid before April 1, 2019 count toward the 2019 RMD due by December 31, 2019?

[mt48]

Example: RMD for 2018 (the year I attained age 70-1/2) is $16,000. I paid $15,000 in 2018 and $4,000 before April 1, 2019. Will $1,000 of the $4,000 be treated as satisfying the RMD for 2017, with the remaining $3,000 being applied toward the RMD for 2019 due by December 31? Or is the entire $4,000 allocable to 2018 (effectively an overpayment of the RMD for 2018)? And is there a ruling or regulation that clearly addresses this question?

[DDollar · Accepted solution]

Yes.  Any amount you withdraw in 2019 that is over and above the 2018 RMD amount will count towards your 2019 RMD.  The April 1 deadline is only applicable to the 2018 RMD when you turn 70-1/2, and is irrelevant for the 2019 RMD.  It can be taken anytime during calendar 2019.

[mt48]

Thank you for the clear response!

[DDollar]

You are welcome!  Thanks for using TurboTax!!!