turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Are RMDs taken out inm February 2018 based on IRAs from 2017 declared as income in the 2018 tax year which we are currently filling out?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Are RMDs taken out inm February 2018 based on IRAs from 2017 declared as income in the 2018 tax year which we are currently filling out?

Yes that is true.  You will get a 1099R for it.  Was that your first RMD?  When did you turn 70 1/2?  Your first RMD can be delayed until April of the next year.  So if that was for your 2017 RMD you also needed to take the 2018 by Dec 31, 2018.

View solution in original post

1 Reply

Are RMDs taken out inm February 2018 based on IRAs from 2017 declared as income in the 2018 tax year which we are currently filling out?

Yes that is true.  You will get a 1099R for it.  Was that your first RMD?  When did you turn 70 1/2?  Your first RMD can be delayed until April of the next year.  So if that was for your 2017 RMD you also needed to take the 2018 by Dec 31, 2018.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies