WeedWatcher
Confused about dryer sheets
My birthday is at the end of August, so my first RMD would be taken by the following year, the year in which I turn 70.5. MUST I take two in that following year or may I take one the same year in which I turn 70 and have it count as the first RMD?
I am trying to avoid having two in the same year if at all legally possible, so I don't have too much taxable income one year.
Thank you in advance. This whole thing seems confusing to me, I don't know why. I guess I am afraid of doing things wrong and incurring a huge penalty.
I am trying to avoid having two in the same year if at all legally possible, so I don't have too much taxable income one year.
Thank you in advance. This whole thing seems confusing to me, I don't know why. I guess I am afraid of doing things wrong and incurring a huge penalty.