ToolBox CS
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Product support for ToolBox CS ended on October 31, 2022.
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This tax worksheet computes the amount a taxpayer (age 72 or older) is required to have distributed from his/her traditional IRA or qualified retirement plan account during the year.
If the IRA was inherited, use the Required Minimum Distribution – Inherited IRA tax worksheet.
Note: This worksheet does not apply to qualified retirement plan accounts where the taxpayer is past age 72 and continues working for an employer nor is the taxpayer a greater than a 5% owner.
Footnote
- If the spouse is more than 10 years younger than the taxpayer, the Joint Life and Last Survivor Expectancy Table is used to determine the required minimum distribution. All other taxpayers use the Uniform Lifetime Table.
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