MinhT1
Expert Alumni

Retirement tax questions

The RMD is the minimum amount of money you're required to take out of your retirement plan if you were 72 years old in 2023 or once you turn 73 in 2023.

 

The RMD isn't a tax deduction.

 

Please read this TurboTax Help article for more information.

 

If you receive your pension in monthly payments, in general, all monthly payments are considered RMDs, and you can safely say that you have satisfied the RMD requirement.

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