The RMD is the REQUIRED MINIMUM DISTRIBUTION. It is still taxable- but in 2019 the requirement to start the RMD. The law raises to 72 from 70½ the age at which individuals must begin taking RMDs from their retirement accounts. Important: The new law only applies to people who turn 70½ after December 31, 2019.
If you turned 70 1/2 before January 1, 2020 your RMD requirement did not change so you must indicate it in TurboTax to avoid the excise tax for not taking it.
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