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April 12, 2025
Question

Can a corrective IRA distribution be within six months of due date?

  • April 12, 2025
  • 1 reply
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RMD was for year end 12/31/2024. I didn't take it, so can a corrective distribution be taken until 5/1/2025?

1 reply

April 12, 2025

The RMD correction window is the period during which you can correct a missed Required Minimum Distribution (RMD) to potentially reduce or eliminate the associated penalty. Generally, under the Secure Act 2.0 you have until the end of the second tax year following the year the RMD was missed to correct the error.