Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Income — Retirement Income; Form 1040, Lines 15-16

Other Retirement Income Issues

Required Minimum Distributions

To avoid an additional tax, participants in retirement plans must begin taking a Required Minimum Distribution (RMD) by a previously specified date. That date is April 1 of the calendar year that follows the later of two events—the year the taxpayer:

  • Reached age 70½, or
  • Retired from employment

The trustee of the qualified plan normally will contact the taxpayer at the appropriate time to begin RMDs. This information is provided for your awareness only, to help you answer questions taxpayers may ask about RMDs — RMDs are reported on Form 1099-R and included on the return using the procedures previously discussed.

More Information

For IRAs, it doesn't matter whether the taxpayer is employed. Distributions must begin by April 1 of the year following the calendar year in which the taxpayer reaches 70½. These rules do not apply to Roth IRAs.