IRA RMD

bigjon1452 · ‎January 28, 2021

TurboTax Home and Biz for the 2020 has a statement that you must take a RMD when you are 70 1/2 years old. Congress changed that date to 72 years old. Please fix this!

MinhT1 · ‎January 28, 2021

Indeed, starting from tax year 2020, Required minimum distributions (RMDs) must be taken each year beginning with the year you turn age 72 (instead of 70 1/2 up to tax year 2019).

I have tested the program, and the age reference has been changed to 72 (instead of 70 1/2). Your program may need updating. In the program, please click on Online, then Check for updates.

Please see this screenshot:

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