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Retirement tax questions
The RMD is based on your father's age at the time of death. If you received a payout for the account, you received the RMD because there is nothing left in the account. If you only took a partial distribution, you can ask the plan administrator (the person/ company you received the 1099-R from).
Required Minimum Distributions (RMDs) generally are minimum amounts that a retirement plan account owner must withdraw annually starting with the year that he or she reaches 72 (70 ½ if you reach 70 ½ before January 1, 2020), if later, the year in which he or she retires.
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February 2, 2021
6:49 PM
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