MarilynG1
Expert Alumni

Retirement tax questions

Yes, you can indicate that the IRA withdrawal was RMD.

 

An RMD may be required for an IRA, retirement plan account or Roth IRA inherited from the original owner. The factors that affect the distribution requirements for inherited retirement plan accounts and IRAs include:

  • Whether the account owner died after 2019 (the SECURE Act made changes to the RMDs for beneficiaries if the death of the account holder occurred after 2019).
  • The relationship of the beneficiary to the account owner and certain characteristics of the beneficiary (spouse, minor child, disabled or chronically ill individual, entity other than an individual).
  • Whether the original account owner passed away before or after their required beginning date (the date the original account owner was required to begin taking RMDs).

The Plan Administrator has the responsibility to assure that RMD's are distributed each year, if required.  So you can assume that your withdrawal included the required RMD. 

 

Here's more info on RMD Distributions. 

 

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