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January 26, 2023
Question

1st IRA RMD

  • January 26, 2023
  • 2 replies
  • 0 views

My wife turned 72 in 2022 and took her 1st IRA RMD on Jan 18th of 2023 as IRS Pub 590-B states she had until April 1st 2023 to take it. Can we claim that as income for 2022 on our tax form?

    2 replies

    VolvoGirl
    Employee
    January 26, 2023

    No it goes on your 2023 return next year.  And she needs to take her 2023 RMD by Dec31, 2023 also.  So there will be 2 RMD to report on your 2023 return next year.  I suppose you will get one 1099R for them both by Jan 31, 2024.

    January 26, 2023

    Thank you 🙂

    leeloo
    January 26, 2023

    No. You can't enter 2023 income on your 2022 return.  The IRS gives you leeway your first year so that you will not be penalized for not taking a timely distribution by December. That is all.