Q. I didn’t take my first required minimum distribution (RMD) in 2009 because of the waiver. Do I have until April 15, 2011, to take one for 2010? M.M., Provo, Utah
A. No. The temporary waiver from RMDs, which applied to participants in IRAs and defined contribution plans like 401(k) plans, was only effective for the 2009 tax year. Because you turned age 70½ in 2009, you didn’t have to take a distribution by April 1, 2010, as would normally be required. But you still must take a minimum distribution for the 2010 tax year by Dec. 31, 2010.
Tip: Unless another waiver is granted (highly unlikely), you’ll have to take the distribution by Dec. 31 for every succeeding year.