Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
B
bigjon1452
January 28, 2021
Question

IRA RMD

  • January 28, 2021
  • 1 reply
  • 0 views

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!

1 reply

M
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:

 

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
TurboTax Sign In Widget
TurboTax flag icon

Unlock tailored help options in your account

Create an account
TurboTax Expert Assist
TurboTax Expert

Get answers to all your tax questions

Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

Terms & ConditionsAccessibility statement
Intuit
TurboTax Credit Karma QuickBooks MailChimp

©1997-2022 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
of Intuit Inc. Terms and conditions, features, support, pricing, and service options
subject to change without notice.

Security Certification of the TurboTax Online application has been performed by
C-Level Security.

By accessing and using this page you agree to the Terms of Use.

Accessibility

TRUSTe nResult Certified e-File C-Level Security Certification