Q. Upon turning 70½ years of age, one must begin taking required minimum distributions. The only exception is that the first distribution can be delayed until the following year. This serves to reduce taxable income in the 70.5 year, but increases taxable income since there would be two years’ worth of distributions in the next year.
Can a part of the RMD be taken in the 70.5 year, with the remainder being carried over to the next year?