Is beneficiarys birthday after June 30th?
Check this box if the beneficiary’s birthday is after June 30th (note: this only applies to spousal beneficiaries). This is a factor in determining whether the IRS requires spousal inherited accounts to begin distributions when you are age 70 or 71. For calculating your first year’s distribution, the IRS specifically states to use your age on your birthday in the year you turn 70 1/2. For example, if your birthday is between January 1st and June 30th, the first year of distribution would be at age 70. If your birthday is between July 1st and December 31st, the first year of distribution would be at age 71.
