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Retirement tax questions
Yes, a pension's RMD is built into the distribution amount, unlike an IRA. However, the RMD was abolished for 2020, so you want to mark that none of it was RMD. In a normal year, you would mark that all of it was RMD.
Return to the 1099R and check your box 2. Be sure the total distribution box is not checked!! Review your answers. The gross amount would not be coming across without a reason.
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March 17, 2021
4:17 PM