Choose a date between January 1973 and the most recent quarter-end (new quarter-end data is available around the 10th of the following month). Enter the year as YYYY.
If the IRA holder turns 70½ this year, he or she can defer the first distribution until April 1 of the next year. If the holder is older, he or she would normally be required to take an RMD before December 31 of this year. RMDs are considered taxable income for the year in which they are taken.