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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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‎April 28, 2021
1:07 PM