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March 7, 2025
Question

I didn't take funds out of my IRA at the end of 2024 when I was 72. I want to include it in 2024 taxes. What should I do?

  • March 7, 2025
  • 1 reply
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who sends me form 1099-R?

    1 reply

    March 7, 2025

    I want to make sure I understand. You know that you at the age of 72 are not required to take a RMD (Required Minimum Distribution) from an IRA until the year you turn 73 (see this IRS page about RMDs), right?

     

    So in your case, you did not take a distribution from your IRA in 2024, so you have nothing to report on your tax return.

     

    For tax year 2025, when you take 73, you will have to take a distribution. You will contact the administrator for your IRA and ask for the distribution (they may well have a form online for this). Then, in early 2026, that administrator will send you a form 1099-R (which answers your question).

     

    Is this what you meant or did you mean something else?

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