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Retirement tax questions
RMD stands for required minimum distribution. It's 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. If you have multiple accounts you must calculate the RMD for each IRA separately each year.
Your 1099-R issuer is required to follow RMD rules and regulations, so if you received a distribution and you're at least 73 years young, you can be almost certain you received an RMD. Check with your plan administrator if you're still not sure.
If you were issued 1099R's the answer would be yes to did you take your RMD's
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‎June 26, 2024
10:14 AM