IRS reminds taxpayers who turned 70 ½ in 2016 that they must take their first required minimum distribution (RMD) by April 1st, 2017. This only applies to taxpayers taking their first RMD.
Are you required to take a required minimum distribution from your IRA? Distribution rules allow you to take that RMD in cash or in kind. So, if you are not ready to cash out your American Eagles, you can elect to keep your assets by taking your distribution in-kind.
With an in-kind distribution, an IRA account holder requests an IRA's asset be distributed from the account without actually selling the asset. The account holder then takes personal ownership of that asset. The fair market value of the asset is used to calculate the equivalent dollar value of the distribution. The value of the in-kind distribution is reported in the same manner as a cash distribution and may be subject to income tax.