Individuals who turned 70 1/2 in 2016, but opted to wait until 2017 to begin taking their RMD for 2016 must receive their 2016 RMD by 4/1/17, even though that date falls on a Saturday. IRS Pub. 590-B, Distributions from Individual Retirement Arrangements (IRAs), does not offer an alternative date, such as the following Monday, 4/3/17, to receive the distribution, so please keep that in mind. If you have any questions, please contact your Linkenheimer CPA.
Deadline for Receiving First 2016 IRA Required Minimum Distribution (RMD) Is April 1
Share This Story, Choose Your Platform!
About the Author: Linkenheimer LLP
We are a Santa Rosa CPA firm that is focused on our firm culture, local community and partnering with our clients so they can succeed.
Leave A Comment