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Retirement tax questions
The required minimum distribution for any year is the account balance as of the end of the immediately preceding calendar year divided by a distribution period from the IRS’s “Uniform Lifetime Table.” A separate table is used if the sole beneficiary is the owner’s spouse who is ten or more years younger than the owner.
For tax year 2020 an RMD was not required so you can check None was an RMD.
March 3, 2021
1:51 PM