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Retirement tax questions
For 2020, the RMD requirement is suspended, so it can't hurt you if you say no, at least for this year.
In general, the "required minimum distribution" is a dollar amount, not a specific transaction. If you had an IRA with a $5000 RMA requirement, it wouldn't matter if you withdrew $5000 all at once, or in multiple transactions. You meet the minimum withdrawal requirements as long as your total withdrawals are at least as much or more than the requirement. If you took out more than the requirement, then you met the requirement. And since a pension automatically meets the minimum, and you took out more than the minimum, you would answer Yes for this year.
‎February 10, 2021
1:24 PM