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R
RB199716
April 12, 2025
Question

IRA distribution tax year

  • April 12, 2025
  • 1 reply
  • 0 views

can an IRA distribution made in 2025, but before the tax filing due date (4/15/2025), be claimed in 2024?

    1 reply

    A
    AnnetteB6
    April 12, 2025

    No, generally distributions are reported in the calendar year in which they occur.  You will receive a Form 1099-R for 2025 since the distribution was done in 2025.  

     

    There is an exception to this if you are making a corrective distribution for an excess contribution plus earnings.

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