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Retirement tax questions
While the plan might not call them RMDs, they are indeed required distributions under the tax code, so the entire amount is RMD. Being an RMD simply means that these distributions are not eligible for rollover.
Say all of it is the RMD. If you are 72 it will ask you if it is the RMD. Say yes. Anything your pension pays you is considered to be the RMD. Traditional pensions automatically fulfill the rules of an RMD.
‎February 23, 2024
4:30 PM
913 Views