DMarkM1
Expert Alumni

Retirement tax questions

There is no Required Minimum Distribution for tax year 2020 it has been waived.  Also, no, box 5 shows any amounts that have already been taxed (pre contribution) and thus not taxable on your 1099R; it is not RMD.  

 

Your account custodian can help you figure your RMD for future reference. 

 

 

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