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emc011075
emc011075, Tax adviser
Category: Tax
Satisfied Customers: 2590
Experience:  IRS licensed Enrolled Agent and tax instructor
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My mothers birthday is August 8th, 1946. She has a sizable

Customer Question

My mothers birthday is ***** 8th, 1946. She has a sizable balance in her many IRA's. I would like to confirm when she would have to take her first Required Minimum Distribution.
I know that she will turn 70 1/2 on feb 8th, 2017 so I would like to know can she put of taking the first RMD until December of 2017? Then she will just have to take subsequent RMD's each year in 2018, 2019, etc.?
Thanks for your response.
Submitted: 3 months ago.
Category: Tax
Expert:  emc011075 replied 3 months ago.

HI. My name is ***** ***** I will be happy to help you.

The first required minimum distribution from IRA must be made on or before April 1 of the year following the calendar year in which you reach age 70½. Which means, in her case April 1, 2018. The subsequent distributions must be made by the end of the year. So she can take one distribution in 2017 or 2 in 2018.

Expert:  emc011075 replied 2 months ago.

I see you read my respond. Do you have any questions? Is there anything else I can help you with today?