Have a Tax Question? Ask a Tax Expert
The required minimum distribution for any year is the account balance as of the end of the immediately preceding calendar year divided by a distribution period from the IRS’s “Uniform Lifetime Table.” A separate table is used if the sole beneficiary is the owner’s spouse who is ten or more years younger than the owner.
I will help you to calculate your RMD amount
For that purpose we need to know
- the balance on your retirement account as of December 31, 2016
- you age.