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Retirement tax questions
You would answer Yes, if you are receiving a Required Minimum Distribution from any type of employe sponsored retirement plan (includes profit-sharing, 401(k), 403(b) and 457(b) plans). It doesn’t just apply to IRAs. If you do not know if you are receiving a RMD from one of those plans, contact the plan administrator and ask them.
For more information, please refer to the IRS FAQs Retirement Plan and IRA Required Minimum Distributions FAQs. You can also review the TurboTax article What is an RMD?
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April 2, 2023
8:46 AM